4/A: Clean Harbors' Co-CEO Eric Gerstenberg Reports Changes in Beneficial Ownership

Eric Gerstenberg, Co-CEO of Clean Harbors, files an amended Form 4 detailing changes in his beneficial ownership of company stock due to tax withholding and forfeiture of restricted stock.

Summary

• On March 17, 2025, Clean Harbors' Co-CEO Eric Gerstenberg had changes in his beneficial ownership of the company's common stock.
• 978 shares were withheld to cover tax liabilities related to the vesting of securities at a price of $192.9 per share.
• 4,744 shares of restricted stock were forfeited due to the company's failure to achieve goals under its Long Term Equity Incentive Program.
• Following these transactions, Gerstenberg directly owns 59,695 shares of Clean Harbors common stock.

Sentiment

Score: 5

Explanation: The document itself is neutral, simply reporting transactions. The forfeiture of shares due to unmet goals is slightly negative, but overall the impact is minimal.

Negatives

• 4,744 shares of restricted stock were forfeited due to Clean Harbors' failure to meet goals under the Long Term Equity Incentive Program, which could be seen as a negative indicator of company performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The forfeiture of restricted stock may slightly impact employee morale, particularly those participating in the Long Term Equity Incentive Program.
• Shareholders may view the unmet performance goals negatively, but the impact is likely minimal.

Key Dates

Keywords

beneficial ownership, Form 4, Clean Harbors, Eric Gerstenberg, stock forfeiture, tax withholding, restricted stock, equity incentive program