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

Clean Harbors Inc. Director Karyn Polito was granted 789 shares of restricted common stock as part of her compensation, vesting at the next annual shareholder meeting.

Summary

• Karyn Polito, a Director of Clean Harbors Inc. (CLH), received an award of 789 shares of common stock.
• The transaction occurred on May 21, 2025.
• The shares were awarded at a price of $0, indicating a grant rather than a purchase.
• These shares are restricted stock and will vest 100% upon the date of the next annual meeting of shareholders.
• Following this transaction, Ms. Polito beneficially owns 3,015 shares of Clean Harbors common stock.

Sentiment

Score: 7

Explanation: The filing reports a routine restricted stock award to a director, which is a positive for aligning interests and retaining talent, but not a significant market-moving event on its own.

Positives

• The award of restricted stock aligns the director's interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• It represents a component of non-employee director compensation, which is a standard practice for attracting and retaining qualified board members.

Risks

• The value of the restricted stock award is subject to market fluctuations of Clean Harbors' common stock until vesting.

Future Outlook

The 789 shares of restricted stock awarded to Director Karyn Polito are set to vest 100% upon the date of the next annual meeting of shareholders, indicating a future event for the full realization of this compensation.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity transaction, common across all industries for publicly traded companies. It reflects standard corporate governance practices regarding director compensation, which often includes equity awards to align interests with shareholders.

Comparison to Industry Standards

• The practice of compensating non-employee directors with restricted stock awards is a common industry standard across publicly traded companies, including those in the environmental and industrial services sector like Clean Harbors.
• This type of equity compensation is designed to align the financial interests of directors with the long-term performance of the company, a benchmark practice in corporate governance.

Corporate Governance

Stakeholder Impact

• Shareholders: The award aligns the director's interests with shareholder value, as the stock's performance directly impacts the value of her compensation.

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, insider transaction, restricted stock, stock award, director compensation, beneficial ownership