PureCycle Technologies CFO Michael Dee's 2021 pay jumps 60,979% to $34M
PureCycle Technologies reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
PureCycle Technologies reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, four executives at PureCycle Technologies received on average a compensation package of $14M, a 1,216% increase compared to previous year.
Average pay of disclosed executives at PureCycle Technologies
Michael Dee, Chief Financial Officer, received $34M in total, which increased by 60,979% compared to 2020. 69% of Dee's compensation, or $24M, was in stock awards. Dee also received $3.3M in bonus, $7M in option awards, as well as $450K in salary.
Mike Otworth, Chief Executive Officer, received a compensation package of $9.4M, which increased by 369% compared to previous year. 63% of the compensation package, or $5.9M, was in bonus.
Dustin Olson, Chief Operating Officer, earned $6.7M in 2021.
Lawrence Somma, Chief Financial Officer, received $3.6M in 2021.
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Source: SEC filing on April 1, 2022.