Form 4: Clean Harbors Director Andrea Robertson Receives Restricted Stock Award

Clean Harbors Inc. Director Andrea Robertson was granted 789 shares of restricted common stock on May 21, 2025, as part of her compensation, increasing her total beneficial ownership to 10,724 shares.

Summary

• Andrea Robertson, a Director of Clean Harbors Inc. (CLH), reported an acquisition of 789 shares of common stock.
• The transaction occurred on May 21, 2025, and was an award of restricted stock.
• The shares were acquired at a price of $0, indicating a grant rather than a purchase.
• Following this transaction, Ms. Robertson's total beneficial ownership of Clean Harbors common stock increased to 10,724 shares.
• The restricted stock award to the non-employee director vests 100% upon the date of the next annual meeting of shareholders.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a standard and beneficial practice of aligning director interests with shareholders through equity compensation. It is a routine transaction and not indicative of significant operational or financial changes.

Positives

• The award of restricted stock to a non-employee director helps align the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard practice for compensating non-employee directors, indicating adherence to common corporate governance structures.

Future Outlook

The awarded restricted stock is set to vest 100% upon the date of the next annual meeting of shareholders, linking the full realization of this compensation to a future corporate event.

Industry Context

The granting of restricted stock to non-employee directors is a common practice across various industries, including environmental and industrial services, to incentivize long-term commitment and align leadership interests with shareholder value creation.

Comparison to Industry Standards

• The practice of compensating non-employee directors with equity awards like restricted stock is a widely accepted standard in corporate governance across publicly traded companies, including those comparable to Clean Harbors in the environmental and industrial services sector.
• The specific number of shares awarded (789) and the vesting schedule (100% at next annual meeting) are typical for such compensation, though the exact figures can vary based on company size, director responsibilities, and overall compensation philosophy.

Corporate Governance

Related Party Transactions

• The transaction involves an award of restricted stock from Clean Harbors Inc. to Andrea Robertson, a director of the company, which constitutes a related party transaction as part of director compensation.

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial incentives with the company's stock performance, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The restricted stock award will vest 100% upon the date of the next annual meeting of shareholders.

Key Dates

Keywords

Clean Harbors, CLH, Form 4, SEC filing, restricted stock, equity award, director compensation, insider transaction, Andrea Robertson