Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-11

PureCycle Technologies (PCT)

CEO Dustin Olson was paid $6,237,167 in fiscal year 2025, ↑ up 53.1% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001193125-26-127753 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,237,167 ↑
Dustin Olson total, FY2025
99th
CEO pay percentile vs peers
47:1
CEO-to-median pay ratio
85.75%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Dustin Olson (Chief Executive Officer), FY2025 total compensation $6,237,167 (base salary $773,000) [exec_comp, SEC accession 0001193125-26-127753, filed 2026-03-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

PCT's next annual pay disclosure, estimated March 26, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Dustin Olson$773,000$0$4,548,019$674,998$216,440$0$24,711$6,237,167
Chief Executive Officer
Jaime Vasquez510,0000538,334159,36899,960010,4781,318,141
Chief Financial Officer
Brad Kalter448,8000473,723140,24587,964016,6331,167,365
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Dustin Olson$6,237,167$4,074,178$3,946,566↑ +2,162,989
Jaime Vasquez1,318,1411,235,444—↑ +82,697
Brad Kalter1,167,3651,378,2831,413,902↓ −210,918

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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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.

    01c

    Board of directors

    One page per director: the seat, the committees and the fee table, read for one person at a time.

    DirectorRoleFY2025 total
    Allen JacobyIndependent Director$269,846
    Dan CoombsChair of the Board$296,929
    Daniel GibsonDirector$183,179
    Fernando MusaIndependent Director$232,971
    Jeffrey FielerFormer director (through FY2025)$206,096
    Siri JirapongphanIndependent Director$73,259
    Steven BouckIndependent Director$236,929
    Tanya BurnellIndependent Director$241,929
    02

    Equity transactions since the proxy statement was filed

    No insider equity transactions reported since the proxy statement.

    03

    Grants of plan-based awards — fiscal year 2025

    ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
    Brad KalterRSU2025-02-20——30,193—$315,819
    Jaime VasquezPSU2025-02-208,57717,155—34,310179,441
    Dustin OlsonRSU2025-02-20——145,317—1,520,016
    Jaime VasquezRSU2025-02-20——34,311—358,893
    Dustin OlsonPSU2025-02-2036,32972,658—145,316760,003
    Dustin OlsonRSU2025-06-16——200,000—2,268,000
    Brad KalterPSU2025-02-207,54815,096—30,192157,904
    Brad KalterOPTION2025-02-20——16,897—140,245
    Dustin OlsonOPTION2025-02-20——81,325—674,998
    Jaime VasquezOPTION2025-02-20——19,201—159,368
    03b

    Vehicle mix — grant-date fair value by award type

    Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
    Brad Kalter$315,819$157,904$140,24525.7%
    Jaime Vasquez358,893179,441159,36825.7%
    Dustin Olson3,788,016760,003674,99814.6%

    % performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

    04

    Outstanding equity awards at fiscal year-end 2025

    ExecutiveAwardShares unvestedExercise priceMarket value unvested
    Dustin OlsonRSU227,528—$1,954,466
    Dustin OlsonRSU145,317—1,248,273
    Dustin OlsonRSU131,579—1,130,264
    Jaime VasquezRSU53,722—461,472
    Dustin OlsonRSU46,052—395,587
    Brad KalterRSU42,978—369,181
    Brad KalterRSU40,507—348,496
    Jaime VasquezRSU34,311—294,731
    Brad KalterRSU30,193—259,358
    Brad KalterRSU26,250—225,488
    Dustin OlsonRSU28,333—243,380
    Dustin OlsonRSU14,706—126,325
    Brad KalterRSU14,326—123,060
    Brad KalterRSU10,505—90,238
    Brad KalterRSU14,200—121,978
    Dustin OlsonRSU5,442—46,747
    Dustin OlsonOption169,3005.72—
    Dustin OlsonOption148,3515.73—
    Dustin OlsonOption81,32510.58—
    Jaime VasquezOption35,0275.73—
    Brad KalterOption52,2005.72—
    Brad KalterOption28,0215.73—
    Brad KalterOption16,89710.58—
    05

    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 consultantFrederic W. Cook & Co., Inc. (FW Cook)
    Clawback policytrue
    Anti-hedgingtrue
    Anti-pledgingtrue
    06

    Say-on-pay — recent advisory votes

    Meeting yearMeeting dateForAgainstAbstainSupportOutcome
    20262026-05-0775,421,35312,538,570294,49185.75%Passed
    20252025-05-0881,111,2801,478,674249,87198.21%Passed
    20242024-05-0870,981,88420,262,151374,03877.79%Passed
    20232023-05-10108,169,2424,648,94161,60195.88%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 yearMeeting dateApproval — company's computation
    20262026-05-0785.75%a
    20252025-05-0898.21%b
    20242024-05-0877.79%c

    a. Voting standard not stated in the filing.

    b. Voting standard not stated in the filing.

    c. Voting standard not stated in the filing.

    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.

    07

    CEO pay ratio

    Ratio (CEO : median employee)47 : 1
    CEO total compensation—
    Median employee compensation$133,283
    08

    Director compensation — fiscal year 2025

    DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
    Dan CoombsNot independent · Board Chair · Operational Excellence$170,000$126,929———$296,929
    Allen JacobyIndependent · Compensation · Nominating & Corporate Governance (Chair)142,917126,929———269,846
    Tanya BurnellIndependent · Audit & Finance (Chair) · Compensation115,000126,929———241,929
    Steven BouckIndependent · Audit & Finance · Compensation110,000126,929———236,929
    Fernando MusaIndependent · Nominating & Corporate Governance106,042126,929———232,971
    Jeffrey FielerIndependent · Departed during FY79,167126,929———206,096
    Daniel GibsonNot independent · Operational Excellence56,250126,929———183,179
    Siri JirapongphanIndependent · Audit · Operational Excellence · Newly elected14,16759,092———73,259
    Dustin OlsonEmployee director · Operational Excellence—————0
    Valerie MarsIndependent · Audit · Newly elected——————
    09

    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
    09b

    Total cost of the board

    ComponentFY2025
    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.

    10

    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.

    10a

    Peer reciprocity

    Of the companies PureCycle Technologies names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

    Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including PureCycle Technologies.

    10b

    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.

    RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
    1PureCycle Technologies2025Dustin Olson$773,000$4,548,019$674,998$216,440$6,237,167
    2Enviri Corp.2025F. Nicholas Grasberger III1,014,2693,278,410950,881631,4845,972,813
    3AdvanSix Inc.2025Erin Kane1,019,7003,747,9000785,4005,647,438
    4Ecovyst, Inc.2025Kurt Bitting750,0003,347,7520804,0004,992,440
    5NuScale Power Corporation2025John Hopkins632,6152,899,9870512,7854,084,073
    6Ormat Technologies, Inc.2025Doron Blachar641,0622,000,0000816,0003,618,005
    7Bloom Energy Corporation2025KR Sridhar935,385002,470,0003,502,747
    8Energy Recovery, Inc.2025David Moon614,2312,599,996003,222,147
    9Casella Waste Systems, Inc.2025Edmond Coletta615,1341,644,3770553,6192,830,523
    10Plug Power, Inc.2025Jose Luis Crespo397,47101,196,250526,4002,618,833
    11Montauk Renewables, Inc.2025Sean McClain454,713000671,702
    —Loop Industries, Inc.——————not in coverage universe
    —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.

    10c

    Incentive design against the same peers

    CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
    PureCycle Technologiesnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc. (FW Cook)
    AdvanSix Inc.not disclosedPSU 50 · RSU 50not disclosednot disclosed
    Bloom Energy Corporation200%RSU 50 · PSU 50NoMeridian
    Casella Waste Systems, Inc.not disclosedPSU 75 · RSU 25NoPay Governance
    Ecovyst, Inc.not disclosednot disclosednot disclosedWillis Towers Watson
    Energy Recovery, Inc.not disclosedRSU 50 · PSU 50NoCompensia, Inc.
    Enviri Corp.not disclosedPSU 50 · RSU 25 · SAR 25Yes — Total Stockholder Return (TSR) performance relative to the S&P 600 Industrials IndexPearl Meyer & Partners, LLP
    Loop Industries, Inc.not disclosednot disclosednot disclosednot disclosed
    Montauk Renewables, Inc.not disclosedOptions 100not disclosednot disclosed
    Montrose Environmental Group, Inc.not disclosednot disclosednot disclosednot disclosed
    NuScale Power Corporationnot disclosedRSU 100not disclosedFW Cook
    Ormat Technologies, Inc.97%PSU 60 · RSU 40Yes — Relative TSRF.W. Cook & Co.
    Plug Power, Inc.not disclosedOptions 100not disclosedFrederic 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.

    10d

    Frequently asked questions

    Who was the highest-paid executive at PureCycle Technologies in fiscal 2025?
    As disclosed, Dustin Olson (Chief Executive Officer) was the highest-paid executive at PureCycle Technologies in fiscal 2025, with total compensation of $6,237,167.
    How does PureCycle Technologies's chief executive pay compare to its disclosed peer group?
    As disclosed, Dustin Olson's total compensation ranked at the 99th percentile of PureCycle Technologies's disclosed peer group.
    What is PureCycle Technologies's CEO-to-median employee pay ratio?
    As disclosed, PureCycle Technologies's CEO-to-median employee pay ratio was 47:1.
    How did shareholders vote on PureCycle Technologies's executive compensation?
    As disclosed, 85.75% of shareholders supported PureCycle Technologies's executive compensation in the latest say-on-pay vote.
    How much does PureCycle Technologies spend in total on board compensation for fiscal 2025?
    As disclosed, PureCycle Technologies reported total board compensation of $1,741,138 for fiscal 2025.

    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.

    11

    Source register

    Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

    #SupportsDocumentFiledAccessionLocation in document
    1Section 01, Dustin OlsonDEF 14A2026-03-270001193125-26-127753Section “2025 Summary Compensation Table”. As printed: 6,237,167. Filing ↗
    2Section 01, Jaime VasquezDEF 14A2026-03-270001193125-26-127753Section “2025 Summary Compensation Table”. As printed: 1,318,141. Filing ↗
    3Section 01, Brad KalterDEF 14A2026-03-270001193125-26-127753Section “2025 Summary Compensation Table”. As printed: 1,167,365. Filing ↗
    4Section 03, Brad Kalter RSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 547613–547620
    5Section 03, Jaime Vasquez PSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 533599–533606
    6Section 03, Dustin Olson RSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 522272–522281
    7Section 03, Jaime Vasquez RSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 536366–536373
    8Section 03, Dustin Olson PSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 519479–519486
    9Section 03, Dustin Olson RSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 527846–527855
    10Section 03, Brad Kalter PSUDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 544821–544828
    11Section 03, Brad Kalter OPTIONDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 550424–550431
    12Section 03, Dustin Olson OPTIONDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 525053–525060
    13Section 03, Jaime Vasquez OPTIONDEF 14A2026-03-270001193125-26-127753Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 539007–539014
    14Section 07, pay ratioDEF 14A2026-03-270001193125-26-127753Section “CEO Pay Ratio”. As printed: 47 : 1. Filing ↗
    15Section 08, Dan CoombsDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 296,929. Filing ↗machine: span 168956–168963
    16Section 08, Allen JacobyDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 269,846. Filing ↗machine: span 172275–172282
    17Section 08, Tanya BurnellDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 241,929. Filing ↗machine: span 167302–167309
    18Section 08, Steven BouckDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 236,929. Filing ↗machine: span 165695–165702
    19Section 08, Fernando MusaDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 232,971. Filing ↗machine: span 173882–173889
    20Section 08, Jeffrey FielerDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 206,096. Filing ↗machine: span 170619–170626
    21Section 08, Daniel GibsonDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 183,179. Filing ↗machine: span 175538–175545
    22Section 08, Siri JirapongphanDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 73,259. Filing ↗machine: span 177203–177209
    23Section 08, Dustin OlsonDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: 0. Filing ↗
    24Section 08, Valerie MarsDEF 14A2026-03-270001193125-26-127753Section “Director Compensation”. As printed: —. Filing ↗
    25Section 06, 2026 voteForm 8-K2026-05-110001830033-26-000017Item 5.07 · say-on-pay result. As reported: 85.75% (votes for as printed: 75,421,353). Filing ↗
    26Section 06, 2025 voteForm 8-K2025-05-120000950170-25-068587Item 5.07 · say-on-pay result. As reported: 98.21% (votes for as printed: 81,111,280). Filing ↗
    27Section 06, 2024 voteForm 8-K2024-05-130000950170-24-058844Item 5.07 · say-on-pay result. As reported: 77.79% (votes for as printed: 70,981,884.42). Filing ↗
    28Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
    29Section 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).machine: formula: sums + PSU ratio
    30Section 09b board cost (computed)Computed——Cash 793,543 + equity 947,595 + all other 0 = 1,741,138, summed across the director compensation table rows.machine: formula: Σ = 1,741,138
    31PureCycle Technologies (subject), Section 10b CEO totalDEF 14A2026-03-270001193125-26-127753CEO total compensation as printed in PureCycle Technologies's own proxy. As printed: 6,237,167. Filing ↗
    32Enviri Corp., Section 10b CEO totalDEF 14A2026-04-290000045876-26-000081CEO total compensation as printed in Enviri Corp.'s own proxy. As printed: 5,972,813. Filing ↗machine: r3 · c54 · span 384524–384534
    33AdvanSix Inc., Section 10b CEO totalDEF 14A2026-04-290001673985-26-000022CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. Filing ↗machine: span 646055–646064
    34Ecovyst, Inc., Section 10b CEO totalDEF 14A2026-04-150001140361-26-014838CEO total compensation as printed in Ecovyst, Inc.'s own proxy. As printed: 4,992,440. Filing ↗machine: r2 · c19 · span 1179272–1179281
    35NuScale Power Corporation, Section 10b CEO totalDEF 14A2026-04-150001822966-26-000042CEO total compensation as printed in NuScale Power Corporation's own proxy. As printed: 4,084,073. Filing ↗machine: r3 · c24 · span 447378–447387
    36Ormat Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-210001193125-26-166752CEO total compensation as printed in Ormat Technologies, Inc.'s own proxy. As printed: 3,618,005. Filing ↗machine: r5 · c14 · span 1948476–1948485
    37Bloom Energy Corporation, Section 10b CEO totalDEF 14A2026-04-080001628280-26-024237CEO total compensation as printed in Bloom Energy Corporation's own proxy. As printed: 3,502,747. Filing ↗machine: r2 · c36 · span 1617061–1617070
    38Energy Recovery, Inc., Section 10b CEO totalDEF 14A2026-04-210001421517-26-000033CEO total compensation as printed in Energy Recovery, Inc.'s own proxy. As printed: 3,222,147. Filing ↗machine: t138 · r4 · c14 · span 2344778–2344787
    39Casella Waste Systems, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-161565CEO total compensation as printed in Casella Waste Systems, Inc.'s own proxy. As printed: 2,830,523. Filing ↗machine: t168 · r7 · c25 · span 534590–534599
    40Plug Power, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052851CEO total compensation as printed in Plug Power, Inc.'s own proxy. As printed: 2,618,833. Filing ↗
    41Montauk Renewables, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-150358CEO total compensation as printed in Montauk Renewables, Inc.'s own proxy. As printed: 671,702. Filing ↗machine: r4 · c39 · span 310462–310469
    42Section 10a, NuScale Power Corporation reciprocityDEF 14A—0001822966-26-000042NuScale Power Corporation's most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    43Section 10a, Enviri Corp. reciprocityDEF 14A—0000045876-26-000081Enviri Corp.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    44Section 10a, AdvanSix Inc. reciprocityDEF 14A—0001673985-26-000022AdvanSix Inc.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    45Section 10a, Ecovyst, Inc. reciprocityDEF 14A—0001140361-26-014838Ecovyst, Inc.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    46Section 10a, Plug Power, Inc. reciprocityDEF 14A—0001104659-26-052851Plug Power, Inc.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    47Section 10a, Casella Waste Systems, Inc. reciprocityDEF 14A—0001193125-26-161565Casella Waste Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    48Section 10a, Bloom Energy Corporation reciprocityDEF 14A—0001628280-26-024237Bloom Energy Corporation's most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗
    49Section 10a, Energy Recovery, Inc. reciprocityDEF 14A—0001421517-26-000033Energy Recovery, Inc.'s most recent proxy was read; its disclosed peer group does not include PureCycle Technologies. Filing ↗