Kalter Brad 4
Research Summary
AI-generated summary
PureCycle (PCT) GC Brad Kalter Surrenders Shares for Tax Withholding
What Happened
Brad Kalter, General Counsel, Chief Compliance Officer and Secretary of PureCycle Technologies (PCT), surrendered a total of 7,749 shares to satisfy tax withholding obligations tied to the vesting of an equity grant. On Feb 20, 2026 he surrendered 2,841 shares at $8.99 each (value $25,541) and on Feb 21, 2026 he surrendered 4,908 shares at $8.99 each (value $44,123), for a combined value of approximately $69,664. These transactions are tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction dates/prices: 2026-02-20 — 2,841 shares @ $8.99; 2026-02-21 — 4,908 shares @ $8.99.
- Total shares surrendered: 7,749; total value reported: $69,664 (sum of amounts reported).
- Footnote: Shares were surrendered to cover tax liability upon vesting of a grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan (footnote F1).
- Filing: Report filed on 2026-02-23 — appears to be timely (within the Form 4 two-business-day reporting window).
- Shares owned after the transactions: Not specified in the provided filing.
Context: This was a routine tax-withholding action following vesting (a disposition coded "F"), not an open-market sale or a new purchase. Such withholding is common when restricted stock or other awards vest; it reflects payroll/tax handling rather than a signal of personal buying or selling intent.