Form 4: Clean Harbors Director Edward G. Galante Receives Restricted Stock Award

Clean Harbors Inc. (CLH) Director Edward G. Galante was awarded 789 shares of common stock as restricted stock, increasing his beneficial ownership to 24,809 shares.

Summary

• Edward G. Galante, a Director of Clean Harbors Inc. (CLH), acquired 789 shares of common stock on May 21, 2025.
• The acquisition was an award of restricted stock, indicated by a transaction price of $0 per share.
• These shares are set to vest 100% upon the date of the next annual meeting of shareholders.
• Following this transaction, Mr. Galante's total beneficial ownership in Clean Harbors common stock increased to 24,809 shares.

Sentiment

Score: 7

Explanation: The filing reports a routine equity award to a director, which is generally a positive sign of aligning insider interests with shareholders, but it does not contain significant new financial or operational information to drastically alter sentiment.

Positives

• An insider, Director Edward G. Galante, received an equity award, which typically aligns management and director interests with those of shareholders.
• The award of restricted stock at a $0 price is a common form of non-employee director compensation, reflecting a commitment to long-term value creation.

Future Outlook

The restricted stock award granted to Director Edward G. Galante is scheduled to vest 100% upon the date of the next annual meeting of shareholders, indicating a future milestone for the full ownership of these shares.

Industry Context

Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by insiders. This specific transaction represents a common form of non-employee director compensation, which is designed to align the director's long-term interests with the company's performance and shareholder value.

Comparison to Industry Standards

• The practice of awarding restricted stock to non-employee directors is a standard compensation method across various industries, including environmental and industrial services.
• This approach aligns with corporate governance best practices that encourage directors to have a direct equity stake in the company's long-term success.
• Companies comparable to Clean Harbors in the environmental services sector, such as Waste Management (WM) or Republic Services (RSG), commonly employ similar equity-based compensation structures for their non-executive directors.

Corporate Governance

Related Party Transactions

• The acquisition of 789 shares of common stock by Director Edward G. Galante is a related party transaction, representing an equity award as part of his compensation.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with those of the shareholders through increased equity ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Next Steps

• The 789 shares of restricted stock awarded to Edward G. Galante will vest 100% upon the date of the next annual meeting of shareholders.

Key Dates

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Restricted Stock, Director Compensation, Equity Award, Beneficial Ownership