Form 4: Clean Harbors Director Karyn Polito Receives Restricted Stock Award

Director Karyn Polito acquired 836 shares of Clean Harbors common stock as a restricted stock award on May 22, 2024.

Summary

• Karyn Polito, a director at Clean Harbors, Inc., reported a transaction on May 22, 2024.
• She acquired 836 shares of common stock through a restricted stock award.
• The shares were acquired at a price of $0.
• Following the transaction, Polito directly owns 2,226 shares of Clean Harbors common stock.
• The restricted stock vests 100% on the date of the next annual meeting of shareholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The stock award is a standard practice and indicates confidence in the company's future, but it's not a major event.

Positives

• The acquisition of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Future Outlook

The restricted stock vests 100% upon the date of the next annual meeting of shareholders, suggesting continued involvement and alignment with the company's future performance.

Industry Context

This type of stock award is a common practice for compensating and incentivizing board members in publicly traded companies.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Next Steps

• The restricted stock will vest on the date of the next annual meeting of shareholders.

Key Dates