Olson Dustin 4

What Happened

• Dustin Olson, CEO of PureCycle Technologies (PCT), was awarded two equity grants on Feb 17, 2026: 145,914 restricted stock units (RSUs) and 109,170 derivative/nonqualified awards. Both grants show an acquisition price of $0, so no cash was paid at grant. Total shares involved: 255,084 (145,914 + 109,170).

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the standard two-business-day window).
• Grant prices: $0.00 for both awards; total cash consideration = $0.
• Shares owned after the transaction: not specified in the filing.
• Footnotes from the filing:
  • F1: The 145,914 restricted stock units were granted under the 2021 long-term incentive plan and vest over four years, with roughly one quarter vesting in each period.
  • F2: The 109,170 nonqualified/derivative award is subject to vesting/exercise three years after the grant date.
• No sale or immediate disposition reported — these are compensation grants, not open-market purchases or sales.

Context

• RSU grants and time‑based derivative awards are common executive compensation; they vest over time and do not represent an immediate market purchase or sale. The derivative award here requires a multi-year vesting/exercise period, so shares are not immediately issued or sold.
• This Form 4 does not indicate a 10% owner transaction, a 10b5-1 plan, or tax-withholding sale; it reports standard compensation grants.