In 2022, Michael Otworth earned $1.42M in total compensation at PureCycle Technologies, Inc., including $772.50K salary, $500.00K bonus and $123.27K in stock. Most recently acquired 142,856 shares in Mar 2022. Currently holds stock worth $41.18M. Led PureCycle Technologies, Inc. as CEO for 6 years.
Compensation History
Annual executive compensation data for Michael Otworth, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$1.42M
Salary
$772.50K
Bonus
$500.00K
Other
$23.11K
Salary
$772.50KBoard Justification
The compensation philosophy is designed to attract, develop, and retain motivated executives and key employees, aligning their interests with those of shareholders.
Bonus
$500.00KBoard Justification
Partial payout of his 2022 short-term incentive award opportunity due to separation from the company.
Other Compensation
$23.11KBoard Justification
Reimbursements for COBRA premiums that exceed active employee rates for coverage for him and his dependents for up to 12 months following his separation.
Restricted Stock
Board Justification
17,460 shares of common stock vested in 2022.
Performance Metrics
Performance metrics include strategic and financial goals related to the company's operations and growth.
Michael Otworth
Ex-CEO of PureCycle Technologies, Inc.
Education
Bachelor's degree from Otterbein University and Ohio State University
Field of Expertise
Technology & Engineering - Technology
Sector of Economy
Industrials
Born
January 1, 1962 - 63 years ago
CEO of PureCycle Technologies, Inc. for
6 years 10 months (Oct 2015 - Aug 2022)
Previous Experience
Co-founder and Chief Executive Officer of Innventure, LLC
Other PureCycle Technologies, Inc. CEOs
Holdings
Track Michael Otworth's stock holdings and portfolio value over time.
Insider Trading
Michael Otworth's recent stock transactions, purchases, and sales filed with the SEC.
$999.99K
PCT at $7.00/share
Mar 17, 2022
Purchase
226,891 shares
PCT
Mar 2, 2022
Received
69,940 shares
PCT
Jul 8, 2021
Received
Rivals
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