Companies PureCycle Technologies, Inc.
PureCycle Technologies (PCT): executive pay, fiscal 2025
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CEO pay, last three years
- $3,946,566FY2023
- $4,074,178FY2024
- $6,237,167FY2025
CEO total pay was $6,237,167 in fiscal 2025, up from $4,074,178 in fiscal 2024.
FY2025: salary $773,000 · bonus $0 · stock awards $4,548,019 · option awards $674,998
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Dustin Olson | $773,000 | $0 | $4,548,019 | $674,998 | $216,440 | $0 | $24,711 | $6,237,167 |
| Chief Executive Officer | ||||||||
| Jaime Vasquez | 510,000 | 0 | 538,334 | 159,368 | 99,960 | 0 | 10,478 | 1,318,141 |
| Chief Financial Officer | ||||||||
| Brad Kalter | 448,800 | 0 | 473,723 | 140,245 | 87,964 | 0 | 16,633 | 1,167,365 |
| General Counsel, Chief Compliance Officer & Corporate Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Dustin Olson | $6,237,167 | $4,074,178 | $3,946,566 | ↑ +2,162,989 |
| Jaime Vasquez | 1,318,141 | 1,235,444 | — | ↑ +82,697 |
| Brad Kalter | 1,167,365 | 1,378,283 | 1,413,902 | ↓ −210,918 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
PureCycle's executive compensation program is designed to attract, develop, and retain industry leading talent who possess the appropriate skill sets and leadership expertise to execute on our near-term and long-term strategy. We seek to design executive compensation to align the interests and objectives of our executives with shareholder interests by providing annual equity awards to all team members to encourage them to 'act like owners' and strategically differentiate ourselves from others in the market. We also ensure that cash compensation is largely at-risk and dependent upon achievement of appropriate financial and operational goals.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co., Inc. (FW Cook) |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Brad Kalter | RSU | 2025-02-20 | — | — | 30,193 | — | $315,819 |
| Jaime Vasquez | PSU | 2025-02-20 | 8,577 | 17,155 | — | 34,310 | 179,441 |
| Dustin Olson | RSU | 2025-02-20 | — | — | 145,317 | — | 1,520,016 |
| Jaime Vasquez | RSU | 2025-02-20 | — | — | 34,311 | — | 358,893 |
| Dustin Olson | PSU | 2025-02-20 | 36,329 | 72,658 | — | 145,316 | 760,003 |
| Dustin Olson | RSU | 2025-06-16 | — | — | 200,000 | — | 2,268,000 |
| Brad Kalter | PSU | 2025-02-20 | 7,548 | 15,096 | — | 30,192 | 157,904 |
| Brad Kalter | OPTION | 2025-02-20 | — | — | 16,897 | — | 140,245 |
| Dustin Olson | OPTION | 2025-02-20 | — | — | 81,325 | — | 674,998 |
| Jaime Vasquez | OPTION | 2025-02-20 | — | — | 19,201 | — | 159,368 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Brad Kalter | $315,819 | $157,904 | $140,245 | 25.7% |
| Jaime Vasquez | 358,893 | 179,441 | 159,368 | 25.7% |
| Dustin Olson | 3,788,016 | 760,003 | 674,998 | 14.6% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dustin Olson | RSU | 5,442 | — | $46,747 |
| Brad Kalter | RSU | 10,505 | — | 90,238 |
| Brad Kalter | RSU | 14,200 | — | 121,978 |
| Brad Kalter | RSU | 14,326 | — | 123,060 |
| Dustin Olson | RSU | 14,706 | — | 126,325 |
| Brad Kalter | Option | 16,897 | 10.58 | — |
| Brad Kalter | RSU | 26,250 | — | 225,488 |
| Brad Kalter | Option | 28,021 | 5.73 | — |
| Dustin Olson | RSU | 28,333 | — | 243,380 |
| Brad Kalter | RSU | 30,193 | — | 259,358 |
| Jaime Vasquez | RSU | 34,311 | — | 294,731 |
| Jaime Vasquez | Option | 35,027 | 5.73 | — |
| Brad Kalter | RSU | 40,507 | — | 348,496 |
| Brad Kalter | RSU | 42,978 | — | 369,181 |
| Dustin Olson | RSU | 46,052 | — | 395,587 |
| Brad Kalter | Option | 52,200 | 5.72 | — |
| Jaime Vasquez | RSU | 53,722 | — | 461,472 |
| Dustin Olson | Option | 81,325 | 10.58 | — |
| Dustin Olson | RSU | 131,579 | — | 1,130,264 |
| Dustin Olson | RSU | 145,317 | — | 1,248,273 |
| Dustin Olson | Option | 148,351 | 5.73 | — |
| Dustin Olson | Option | 169,300 | 5.72 | — |
| Dustin Olson | RSU | 227,528 | — | 1,954,466 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dan CoombsNot independent · Board Chair · Operational Excellence | $170,000 | $126,929 | — | — | — | $296,929 |
| Allen JacobyIndependent · Compensation · Nominating & Corporate Governance (Chair) | 142,917 | 126,929 | — | — | — | 269,846 |
| Tanya BurnellIndependent · Audit & Finance (Chair) · Compensation | 115,000 | 126,929 | — | — | — | 241,929 |
| Steven BouckIndependent · Audit & Finance · Compensation | 110,000 | 126,929 | — | — | — | 236,929 |
| Fernando MusaIndependent · Nominating & Corporate Governance | 106,042 | 126,929 | — | — | — | 232,971 |
| Jeffrey FielerIndependent · Departed during FY | 79,167 | 126,929 | — | — | — | 206,096 |
| Daniel GibsonNot independent · Operational Excellence | 56,250 | 126,929 | — | — | — | 183,179 |
| Siri JirapongphanIndependent · Audit · Operational Excellence · Newly elected | 14,167 | 59,092 | — | — | — | 73,259 |
| Dustin OlsonEmployee director · Operational Excellence | — | — | — | — | — | 0 |
| Valerie MarsIndependent · Audit · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 20,000 / 15,000 |
| Stock ownership guideline | $4 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $793,543 |
| Equity awards (grant-date value) | $947,595 |
| All other compensation | $0 |
| Total cost of the board | $1,741,138 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names PureCycle Technologies as a peer
Companies that benchmark against PCT
1 company names PCT as a compensation peer
Each company listed discloses PCT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PCT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | PureCycle Technologies, Inc. | 2025 | Dustin Olson | $773,000 | $4,548,019 | $674,998 | $216,440 | $6,237,167 |
| 2 | Enviri Corp. | 2025 | F. Nicholas Grasberger III | 1,014,269 | 3,278,410 | 950,881 | 631,484 | 5,972,813 |
| 3 | AdvanSix Inc. | 2025 | Erin Kane | 1,019,700 | 3,747,900 | 0 | 785,400 | 5,647,438 |
| 4 | Ecovyst, Inc. | 2025 | Kurt Bitting | 750,000 | 3,347,752 | 0 | 804,000 | 4,992,440 |
| 5 | NuScale Power Corporation | 2025 | John Hopkins | 632,615 | 2,899,987 | 0 | 512,785 | 4,084,073 |
| 6 | Ormat Technologies, Inc. | 2025 | Doron Blachar | 641,062 | 2,000,000 | 0 | 816,000 | 3,618,005 |
| 7 | Bloom Energy Corporation | 2025 | KR Sridhar | 935,385 | 0 | 0 | 2,470,000 | 3,502,747 |
| 8 | Energy Recovery, Inc. | 2025 | David Moon | 614,231 | 2,599,996 | 0 | 0 | 3,222,147 |
| 9 | Casella Waste Systems, Inc. | 2025 | Edmond Coletta | 615,134 | 1,644,377 | 0 | 553,619 | 2,830,523 |
| 10 | Plug Power, Inc. | 2025 | Jose Luis Crespo | 397,471 | 0 | 1,196,250 | 526,400 | 2,618,833 |
| 11 | Loop Industries, Inc. | 2026 | Daniel Solomita | 431,691 | 0 | 1,063,421 | — | 1,507,112 |
| 12 | Montauk Renewables, Inc. | 2025 | Sean McClain | 454,713 | 0 | 0 | 0 | 671,702 |
| — | Montrose Environmental Group, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| PureCycle Technologies, Inc. | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. (FW Cook) |
| AdvanSix Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | not disclosed |
| Bloom Energy Corporation | 200% | RSU 50 · PSU 50 | No | Meridian |
| Casella Waste Systems, Inc. | not disclosed | PSU 75 · RSU 25 | No | Pay Governance |
| Ecovyst, Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | Willis Towers Watson |
| Energy Recovery, Inc. | not disclosed | RSU 50 · PSU 50 | No | Compensia, Inc. |
| Enviri Corp. | not disclosed | PSU 50 · RSU 25 · SAR 25 | Yes — Total Stockholder Return (TSR) performance relative to the S&P 600 Industrials Index | Pearl Meyer & Partners, LLP |
| Loop Industries, Inc. | not disclosed | not disclosed | not disclosed | GGA |
| Montauk Renewables, Inc. | not disclosed | Options 100 | not disclosed | not disclosed |
| Montrose Environmental Group, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| NuScale Power Corporation | not disclosed | RSU 100 | not disclosed | FW Cook |
| Ormat Technologies, Inc. | 97% | PSU 60 · RSU 40 | Yes — Relative TSR | F.W. Cook & Co. |
| Plug Power, Inc. | not disclosed | Option 100 | not disclosed | Frederic W. Cook & Co., Inc. |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-07 | 75,421,353 | 12,538,570 | 294,491 | 85.46% | Passed |
| 2025 | 2025-05-08 | 81,111,280 | 1,478,674 | 249,871 | 97.91% | Passed |
| 2024 | 2024-05-08 | 70,981,884 | 20,262,151 | 374,038 | 77.48% | Passed |
| 2023 | 2023-05-10 | 108,169,242 | 4,648,941 | 61,601 | 95.88% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-07 | 85.46%a |
| 2025 | 2025-05-08 | 97.91%b |
| 2024 | 2024-05-08 | 77.48%c |
a. Approved under the standard stated in the filing — “Vote Required The affirmative vote of the holders of a majority of shares present in person or represented by proxy and entitled to vote on the matter (meaning that of the shares present or represented at the meeting and entitled to vote, a majority of them must be voted "for" the Proposal for it to be approved). || Abstentions: Abstentions will have the same effect as a vote "against" this Proposal.”.
b. Approved under the standard stated in the filing — “Vote Required The affirmative vote of the holders of a majority of shares present in person or represented by proxy and entitled to vote on the matter (meaning that of the shares present or represented at the meeting and entitled to vote, a majority of them must be voted "for" the Proposal for it to be approved). || Abstentions: Abstentions will have the same effect as a vote "against" this Proposal.”.
c. Approved under the standard stated in the filing — “Vote Required The affirmative vote of the holders of a majority of shares present in person or represented by proxy and entitled to vote on the matter (meaning that of the shares present or represented at the meeting and entitled to vote, a majority of them must be voted "for" the Proposal for it to be approved). || Abstentions: Abstentions will have the same effect as a vote "against" this Proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 47 : 1 |
|---|---|
| CEO total compensation | $6,237,167 |
| Median employee compensation | $133,283 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Fernando Musa | Director | 2026-11-03 | A | 153,374 | $0 | $0 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (43 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Dustin Olson. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 42. As printed: 6,237,167. View filing ↗
- Section 01, Jaime Vasquez. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 1,318,141. View filing ↗
- Section 01, Brad Kalter. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table”. As printed: 1,167,365. View filing ↗
- Section 03, Brad Kalter RSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jaime Vasquez PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dustin Olson RSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jaime Vasquez RSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dustin Olson PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dustin Olson RSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Brad Kalter PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Brad Kalter OPTION. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Dustin Olson OPTION. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jaime Vasquez OPTION. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 47 : 1. View filing ↗
- Section 08, Dan Coombs. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 296,929. View filing ↗
- Section 08, Allen Jacoby. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 269,846. View filing ↗
- Section 08, Tanya Burnell. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 241,929. View filing ↗
- Section 08, Steven Bouck. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 236,929. View filing ↗
- Section 08, Fernando Musa. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 232,971. View filing ↗
- Section 08, Jeffrey Fieler. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 206,096. View filing ↗
- Section 08, Daniel Gibson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 183,179. View filing ↗
- Section 08, Siri Jirapongphan. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 73,259. View filing ↗
- Section 08, Dustin Olson. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Valerie Mars. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: —. View filing ↗
- Section 02, Fernando Musa 2026-11-03. Form 4, filed 2026-11-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-11. Item 5.07 · say-on-pay result. As reported: 85.46% (votes for as printed: 75,421,353). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-12. Item 5.07 · say-on-pay result. As reported: 97.91% (votes for as printed: 81,111,280). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-13. Item 5.07 · say-on-pay result. As reported: 77.48% (votes for as printed: 70,981,884.42). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 793,543 + equity 947,595 + all other 0 = 1,741,138, summed across the director compensation table rows.
- PureCycle Technologies, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in PureCycle Technologies, Inc.'s own proxy. As printed: 6,237,167. View filing ↗
- Enviri Corp., Section 10b CEO total. 10-K/A, filed 2026-04-29. CEO total compensation as printed in Enviri Corp.'s own proxy. As printed: 5,972,813. View filing ↗
- AdvanSix Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. View filing ↗
- Ecovyst, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in Ecovyst, Inc.'s own proxy. As printed: 4,992,440. View filing ↗
- NuScale Power Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in NuScale Power Corporation's own proxy. As printed: 4,084,073. View filing ↗
- Ormat Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Ormat Technologies, Inc.'s own proxy. As printed: 3,618,005. View filing ↗
- Bloom Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Bloom Energy Corporation's own proxy. As printed: 3,502,747. View filing ↗
- Energy Recovery, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Energy Recovery, Inc.'s own proxy. As printed: 3,222,147. View filing ↗
- Casella Waste Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Casella Waste Systems, Inc.'s own proxy. As printed: 2,830,523. View filing ↗
- Plug Power, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Plug Power, Inc.'s own proxy. As printed: 2,618,833. View filing ↗
- Loop Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-09. CEO total compensation as printed in Loop Industries, Inc.'s own proxy. As printed: 1,507,112. View filing ↗
- Montauk Renewables, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Montauk Renewables, Inc.'s own proxy. As printed: 671,702. View filing ↗