Kalter Brad 4
Research Summary
AI-generated summary
PureCycle (PCT) General Counsel Brad Kalter Surrenders 6,562 Shares for Taxes
What Happened
- Brad Kalter, General Counsel, Chief Compliance Officer & Secretary of PureCycle Technologies (PCT), surrendered 6,562 shares on 2026-03-22 to cover tax liabilities related to the vesting of an equity award. The shares were valued at $5.79 each, for a total of $37,994. This transaction is a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: 2026-03-22 at $5.79 per share
- Shares involved: 6,562 shares surrendered (disposition)
- Total value: $37,994
- Shares owned after the transaction: not reported in this filing
- Footnote: F1 — shares surrendered to cover tax liability tied to vesting under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan
- Filing date: Form 4 filed 2026-03-23 for a 2026-03-22 transaction (filed promptly)
Context
- Code F transactions represent shares withheld or surrendered to meet tax withholding obligations on vested awards. This is a routine administrative action and does not necessarily indicate buying or selling sentiment by the insider.