4/A: Clean Harbors Co-CEO Michael Battles Reports Changes in Beneficial Ownership

Michael Battles, Co-CEO of Clean Harbors, filed an amended report detailing changes in his beneficial ownership of company stock due to tax withholding and forfeiture of restricted stock.

Summary

• Michael Battles, Co-CEO of Clean Harbors Inc., reported changes in his beneficial ownership of the company's common stock.
• The report, filed on April 2, 2025, amends a previous filing from March 18, 2025.
• On March 17, 2025, Mr. Battles had 1,149 shares withheld to cover tax liabilities related to the vesting of securities at a price of $192.9 per share.
• Also on March 17, 2025, Mr. Battles forfeited 4,744 shares of restricted stock because the company did not meet the goals set under its Long Term Equity Incentive Program.
• Following these transactions, Mr. Battles' direct ownership decreased from 87,173 to 82,429 shares of Clean Harbors common stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the forfeiture of shares indicating a failure to meet performance goals, offset by the routine nature of tax-related stock transactions.

Negatives

• Michael Battles forfeited 4,744 shares of restricted stock due to Clean Harbors not achieving its goals under the Long Term Equity Incentive Program.

Risks

• The forfeiture of restricted stock may indicate underperformance against internal targets.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading and provide investors with information about the buying and selling activities of company executives and directors.

Stakeholder Impact

• Shareholders may be concerned about the company's failure to meet performance goals under the Long Term Equity Incentive Program, as indicated by the forfeiture of restricted stock.

Key Dates

Keywords

beneficial ownership, Clean Harbors, Michael Battles, stock forfeiture, tax withholding, Form 4, CLH, Co-CEO, restricted stock, equity incentive program