4Filed Jul 22, 8:00 PM ET
PureCycle (PCT) CFO Donald Carpenter Surrenders 1,356 Shares
$PCT · PureCycle Technologies, Inc.Research Summary
AI-generated summary of this SEC filing
PureCycle (PCT) CFO Donald Carpenter Surrenders 1,356 Shares
What Happened
Donald Carpenter, Chief Financial Officer of PureCycle Technologies (PCT), surrendered 1,356 shares on 2026-03-22 to cover the tax liability associated with the vesting of a grant. The surrender is reported at $5.79 per share, for a total value of $7,851. This was a tax-withholding disposition (not an open-market sale) related to a vested equity award.
Key Details
- Transaction date and price: 2026-03-22, 1,356 shares at $5.79 each (total $7,851).
- Transaction type/code: F (shares surrendered to satisfy tax withholding).
- Footnote: F1 — shares surrendered to cover tax liability from vesting under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- Shares owned after transaction: Not reported in the supplied summary (check the full Form 4 for post-transaction holdings).
- Filing timeliness: Report filed 2026-07-23 (the Form 4 shows a several-month delay after the 2026-03-22 transaction).
Context
This was a routine tax-withholding action tied to vesting of an equity grant—common for executives and not the same as a voluntary sale or a purchase. Such withholding transactions generally do not signal a change in insider sentiment; they simply satisfy tax obligations arising from compensation.