Kalter Brad 4
Research Summary
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PureCycle (PCT) GC Brad Kalter Surrenders 3,398 Shares for Taxes
What Happened Brad Kalter, PureCycle Technologies (PCT) General Counsel, Chief Compliance Officer and Secretary, surrendered 3,398 shares on 2026-03-02 to cover tax withholding tied to the vesting of an equity award. The shares were valued at $6.45 each for a total of $21,917. This was a tax-withholding disposition (reported as code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-02; Filing date: 2026-03-03 (timely; Form 4 filed within required window).
- Shares surrendered: 3,398 at $6.45 per share; total value reported $21,917.
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 — shares were surrendered to cover tax liability from the vesting of a grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- Transaction type: Tax withholding/net share settlement (code F); treated as a disposal for reporting purposes.
Context This was a routine tax-withholding action tied to a vesting award, common when companies withhold shares to satisfy an insider's payroll/tax obligations. Such transactions are administrative and do not necessarily indicate any change in the insider’s view of the company.