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

Clean Harbors, Inc.'s Executive Vice President and Chief Financial Officer, Eric J. Dugas, reported the disposition of 613 shares of common stock for tax liability related to vesting securities.

Summary

• Eric J. Dugas, EVP Chief Financial Officer of Clean Harbors, Inc. (CLH), reported a transaction on July 1, 2025.
• The transaction involved the disposition of 613 shares of Clean Harbors Common Stock.
• The shares were disposed of at a price of $229.55 per share.
• This disposition was for the payment of tax liability due to the vesting of securities, in accordance with Rule 16b3.
• Following this transaction, Eric J. Dugas beneficially owns 19,288 shares of Clean Harbors Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to executive compensation, which is a neutral event for the company's operational performance or strategic direction.

Positives

• The transaction is a routine tax withholding, indicating the vesting of previously granted equity, which can be a positive for executive compensation and retention.

Negatives

• The disposition of shares, even for tax purposes, reduces the direct ownership stake of a key executive.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide broader industry context or trends. It is specific to the compensation structure of a Clean Harbors executive.

Comparison to Industry Standards

• This document does not provide information that allows for a comparison to industry standards regarding company performance or operational metrics. The transaction is a standard executive compensation event (tax withholding upon vesting) common across publicly traded companies.

Related Party Transactions

• The disposition of shares by an executive officer (Eric J. Dugas) for tax purposes related to equity vesting is inherently a related party transaction, as it involves a company insider and the company's securities.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a routine tax-related disposition of a small number of shares relative to the total outstanding. It reflects the ongoing compensation structure for executives.

Key Dates

Keywords

Clean Harbors, CLH, Eric J. Dugas, Form 4, SEC filing, Insider trading, Stock disposition, Tax withholding, Executive compensation, Common stock