Form 4: PureCycle Technologies Director Allen Jacoby Reports Changes in Beneficial Ownership
SEC Form 4
Director Allen Jacoby reports acquisition and disposal of PureCycle Technologies (PCT) common stock on May 8, 2024.
Summary
- On May 8, 2024, Allen Jacoby, a director of PureCycle Technologies, Inc. (PCT), reported changes in beneficial ownership of the company's common stock.
- Jacoby acquired 24,177 shares of common stock and disposed of 60,117 shares.
- Following these transactions, Jacoby beneficially owns 60,117 shares of PureCycle Technologies common stock.
- The restricted stock units were granted as part of the Company's 2021 long-term incentive plan and will vest on the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the Company's regular annual meeting of stockholders which occurs in the calendar year following the calendar year in which the date of grant occurs.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: acquisition and disposal of common stock. |
| 05/10/2024 | Date of signature for the Form 4 filing. |
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