Form 4: Clean Harbors CFO Disposes of Shares for Tax Liability

Clean Harbors' EVP Chief Financial Officer, Eric J. Dugas, reported the disposition of 806 shares of common stock to cover tax liabilities related to the vesting of securities.

Summary

• Eric J. Dugas, the Executive Vice President and Chief Financial Officer of Clean Harbors, Inc. (CLH), filed a Form 4 detailing a transaction involving the company's common stock.
• On June 2, 2025, Mr. Dugas disposed of 806 shares of Clean Harbors common stock at a price of $226.79 per share.
• The transaction code 'F' indicates that this disposition was for the 'payment of tax liability by withholding of securities incident to vesting of securities' in accordance with Rule 16b3.
• Following this reported transaction, Mr. Dugas directly beneficially owns 19,901 shares of Clean Harbors common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon vesting of equity, which is a common administrative event for executives and does not indicate a change in investment sentiment.

Positives

• The transaction is a routine administrative event for covering tax obligations related to vested equity, which is a common practice for executives and does not reflect a discretionary sale based on negative sentiment.

Negatives

• The disposition of shares, while routine for tax purposes, represents a reduction in the executive's direct ownership, though it is not indicative of a negative outlook on the company's performance.

Risks

• This Form 4 filing does not introduce new specific risks to the company's operations or financial health, as the transaction is a standard administrative procedure for tax withholding.

Future Outlook

NA

Industry Context

This Form 4 filing pertains to an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, small-scale transaction for tax purposes by an executive, not indicative of a change in company fundamentals or strategic direction.

Key Dates

Recommendation

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Eric J. Dugas, CFO