Kalter Brad 4
Research Summary
AI-generated summary
PureCycle (PCT) GC Brad Kalter Receives Award, Surrenders Shares
What Happened
Brad Kalter, General Counsel, Chief Compliance Officer and Secretary of PureCycle Technologies (PCT), received 14,200 shares on vesting of performance share units (PSUs) and surrendered 4,593 of those shares to cover tax withholding. The 14,200 shares were issued at $0.00 on February 27, 2026; 4,593 shares were treated as disposed at $6.31 each for a withholding value of $28,982.
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 2, 2026 (appears timely).
- Award: 14,200 shares issued upon vesting of PSUs (grant originally dated March 22, 2023).
- Withholding: 4,593 shares surrendered to cover tax liability at $6.31/share = $28,982 (tax-withholding, not an open-market sale).
- Footnotes: F1 notes issuance on PSU vesting; F2 confirms shares were surrendered to cover taxes under the 2021 Equity and Incentive Compensation Plan.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a vesting/award event with shares withheld to satisfy tax obligations (tax withholding), not a discretionary sale or open-market transaction. Such withholding is routine and does not necessarily signal insider buying or selling intent.