Form 4: Clean Harbors CFO Dugas Reports Share Transactions

Clean Harbors' EVP Chief Financial Officer, Eric J. Dugas, reported the disposition of 1,954 common shares, including tax-related withholdings and forfeiture due to unmet performance targets.

Summary

• Eric J. Dugas, EVP Chief Financial Officer of Clean Harbors Inc. (CLH), reported two transactions on March 13, 2026.
• Dugas disposed of 630 common shares at a price of $288.93 per share to cover tax liability incident to the vesting of securities.
• An additional 1,324 shares of restricted stock were forfeited because the company did not achieve performance targets under its Long Term Equity Incentive Program.
• Following these reported transactions, Eric J. Dugas beneficially owns 13,979 common shares directly.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the forfeiture of a significant number of shares (1,324) by a key executive, indicating the company failed to meet certain performance targets.

Positives

• The vesting of securities occurred, which led to the tax liability payment, implying the executive met certain conditions for the equity to vest.

Negatives

• 1,324 shares of restricted stock were forfeited due to the company not achieving performance targets under its Long Term Equity Incentive Program.

Risks

• Risk of the company not achieving performance targets, which directly impacted executive compensation through share forfeiture and could signal broader operational challenges.

Future Outlook

N/A. This Form 4 reports past insider transactions and does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions. The forfeiture due to unmet performance targets could signal challenges in achieving operational or financial goals, which is a common concern across industries, especially in competitive environmental services sectors. However, the specific details of the unmet targets are not provided in this filing.

Stakeholder Impact

• Shareholders: The forfeiture of shares due to unmet performance targets could raise questions about the company's operational execution against internal goals.
• Management/Employees: Reinforces that performance targets are actively monitored and have direct compensation implications for executives.

Key Dates

Recommendation

The filing is a routine Form 4 detailing insider transactions, specifically a tax-related disposition and a forfeiture of restricted stock due to unmet performance targets. While the forfeiture indicates a shortfall against internal performance goals, it is a standard mechanism within executive incentive plans and does not, by itself, suggest a material change in the company's fundamental value or operational trajectory. Therefore, a "hold" recommendation is appropriate as this specific filing does not provide sufficient new information to warrant a change in investment stance.

Keywords

Clean Harbors, CLH, Form 4, Insider Trading, Executive Compensation, Share Forfeiture, Stock Vesting, Eric J. Dugas