Form 4: Clean Harbors Director John R. Welch Receives Restricted Stock Award

Clean Harbors Inc. Director John R. Welch was granted 789 shares of restricted common stock as part of his compensation, vesting at the next annual shareholder meeting.

Summary

• John R. Welch, a Director of Clean Harbors Inc. (CLH), acquired 789 shares of common stock on May 21, 2025.
• This acquisition was an award of restricted stock to a non-employee director, with an acquisition price of $0 per share.
• The restricted stock is set to vest 100% upon the date of the next annual meeting of shareholders.
• Following this transaction, John R. Welch beneficially owns a total of 12,652 shares of Clean Harbors common stock.

Sentiment

Score: 7

Explanation: The filing is neutral to slightly positive as it indicates standard corporate governance and compensation practices, aligning director interests with shareholders. There are no negative implications or unexpected events reported.

Positives

• The award of restricted stock aligns the director's long-term interests with those of the company's shareholders.
• This transaction represents a standard component of non-employee director compensation, indicating continuity in corporate governance practices.

Future Outlook

The vesting of the restricted stock is tied to the date of the next annual meeting of shareholders, indicating a future milestone for the director's compensation and continued alignment with company performance.

Industry Context

This filing is a routine insider transaction, common across all publicly traded companies, reflecting standard compensation practices for non-employee directors. It does not provide specific insights into broader industry trends for environmental and industrial services, but rather details an individual's equity compensation.

Comparison to Industry Standards

• The grant of restricted stock to a non-employee director is a common practice in corporate governance across various industries, including environmental services.
• The specific amount and vesting schedule would typically be benchmarked against peer companies like Waste Management (WM), Republic Services (RSG), or Stericycle (SRCL) to ensure competitive and appropriate director compensation, though this document does not provide such comparative data.

Corporate Governance

Related Party Transactions

• John R. Welch, a director of Clean Harbors Inc., received 789 shares of restricted common stock from the company as compensation, which is a related party transaction typical for director remuneration.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event for a director, aligning their interests with shareholder value. It has minimal direct impact on the broader shareholder base.
• Director: John R. Welch's beneficial ownership in the company increased, enhancing his stake and long-term incentive.

Next Steps

• The 789 shares of restricted stock awarded to John R. Welch will vest 100% on the date of the next annual meeting of shareholders.

Key Dates

Keywords

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