Olson Dustin 4
4 · PureCycle Technologies, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PureCycle (PCT) CEO Dustin Olson Receives Award, Surrenders Shares for Taxes
What Happened
Dustin Olson, Chief Executive Officer of PureCycle Technologies (PCT), had 46,052 shares issued to him on February 27, 2026 upon vesting of performance share units. Simultaneously, 18,121 of those shares were surrendered to cover tax withholding, a disposition valued at approximately $114,344 (18,121 shares @ $6.31). The issuance was recorded as an award (code A) and the share surrender for taxes was recorded under withholding (code F).
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 2, 2026 (appears timely).
- Award: 46,052 shares issued upon vesting (reported acquisition price $0.00).
- Tax withholding/disposition: 18,121 shares surrendered at $6.31 per share for a total of ~$114,344.
- Footnotes: F1 — shares issued upon vesting of PSU grant (original grant date March 22, 2023). F2 — shares surrendered to cover tax liability under the company’s 2021 Equity and Incentive Compensation Plan.
- Shares owned after the transaction: not specified in the filing.
Context
This was not an open-market sale but standard tax withholding when restricted or performance shares vest. Such withholding is routine and does not necessarily signal the insider’s view of the company’s prospects.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+46,052→ 1,373,044 total - Tax Payment
Common Stock
[F2]2026-02-27$6.31/sh−18,121$114,344→ 1,354,923 total
Footnotes (2)
- [F1]Reflects the issuance of shares on February 27, 2026, upon the vesting of certain performance share units granted on March 22, 2023.
- [F2]Represents shares surrendered by the Reporting Person to cover tax liability associated with the vesting of performance shares granted to the Reporting Person pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.