Dustin Olson, the CEO of PureCycle Technologies, has a solid educational background that includes a B.S. in Chemical Engineering and an MBA from Rice University. Before leading the company, he served in various roles at LyondellBasell, where he managed operations...

Dustin Olson, the CEO of PureCycle Technologies, has a solid educational background that includes a B.S. in Chemical Engineering and an MBA from Rice University. Before leading the company, he served in various roles at LyondellBasell, where he managed operations across regions, including Asia-Pacific and Africa. Olson was appointed CEO in August 2022, after previously being the Chief Operating Officer and Chief Manufacturing Officer. His focus has been on improving the commercial viability of the company’s operations while dealing with significant challenges in production and financing. In 2023, under his leadership, Olson earned a total compensation of approximately $1.03 million, which included a bonus based on the company’s performance metrics. This highlights his commitment to aligning his success with the company’s achievements. Interestingly, since joining PureCycle, Olson's personal stock holdings fluctuated, peaking dramatically during his first years. Notably, his insider trading showed values exceeding $8 million at times, demonstrating his confidence in the company’s potential. Additionally, Olson actively participated in realigning the company’s strategies amid a tough market, showcasing his analytical approach. With a history of operational leadership, he is steering PureCycle toward growth with an engineering mindset, aiming for global expansion.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other PureCycle Technologies, Inc. CEOs

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Dustin Olson

CEO of PureCycle Technologies, Inc.

Education

B.S. in Chemical Engineering from the University of Missouri-Rolla, Master's degree in Chemical Engineering from the University of Houston, MBA from Rice University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1977 - 48 years ago

CEO of PureCycle Technologies, Inc. for

2 years 9 months (Aug 2022 - Present)

Previous Experience

Vice President of Advanced Polymer Solutions at LyondellBasell

Rivals

Competitors/colleagues of Dustin Olson

Holdings

See how much did Dustin Olson make over time.

Dustin Olson's holdings have seen notable fluctuations since he took the helm at PureCycle Technologies. At times, his stock holdings were valued over $8 million, reflecting significant confidence in the company's future. In 2021, values ranged from $5.44M to $4.00M...

Dustin Olson's holdings have seen notable fluctuations since he took the helm at PureCycle Technologies. At times, his stock holdings were valued over $8 million, reflecting significant confidence in the company's future. In 2021, values ranged from $5.44M to $4.00M before declining in early 2022, hitting a low of $2.20M. As he continued leading the company into 2023, the values saw a resurgence, peaking again above $6 million in mid-2023. As of recent months, they have experienced some decline but remained relatively solid, which indicates that while there have been challenges, Olson's commitment to the company and its vision for growth is strong, illustrating a journey filled with ups and downs. This behavior connects him directly to the performance and potential of PureCycle as he maintains a substantial stake in its future success.

Insider Trading

See recent insider trades of Dustin Olson.

PCT

303,370 shares

PCT

Feb 21, 2024

Received

PCT

$219.57K

PCT at $3.22/share

Nov 10, 2023

Purchase

PCT

263,157 shares

PCT

Mar 22, 2023

Received

PCT

$7.64K

PCT at $6.51/share

Dec 4, 2022

Sale

PCT

113,332 shares

PCT

Aug 4, 2022

Received

PCT

21,766 shares

PCT

May 20, 2022

Received

PCT

58,824 shares

PCT

Mar 2, 2022

Received

PCT

180,709 shares

PCT

Jul 8, 2021

Received

Compensation History

See how much did Dustin Olson make over time.

In 2023, CEO Dustin Olson earned a total compensation package of approximately $1.03 million, including a base salary of $758,135 and a performance-based bonus of $301,470. His bonus was based on key operational and financial metrics, reflecting the company’s challenges that year, where he achieved 39% of the target. In previous years, Olson's compensation was higher; in 2022, it reached about $1.32 million. This included bonuses and vested stock awards as he transitioned into his role as CEO. His salary and bonus structure is designed to align his interests with those of shareholders, ensuring that performance directly impacts his financial success. Such arrangements help motivate him to prioritize the efficiencies and effectiveness of PureCycle’s operations as he navigates the shifting landscape of the industry.

Year

2023

Total Compensation

$1.08M

Salary

$758.14K

Board Justification

The compensation philosophy aims to attract, develop, and retain motivated executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$301.47K

Board Justification

The bonus is based on the company's performance metrics for 2023, which included operational targets tied to full-scale plant production and financial targets supporting global expansion. The payout was determined to be 39% of the target due to challenges faced during the year.

Other

$24.20K

Board Justification

Other compensation includes contributions to the 401(k) plan, life insurance, and reimbursement for executive physicals.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based awards that are subject to future vesting based on performance metrics.

Performance Metrics

The performance metrics for 2023 included achieving operational targets related to the Ironton facility's commercial viability and ensuring sufficient liquidity.

Other PureCycle Technologies, Inc. CEOs

Here are other CEOs of PureCycle Technologies, Inc.

Michael Otworth

Ex-CEO of PureCycle Technologies, Inc.

October 2015 - August 2022