Form 4: Clean Harbors Director Marcy L. Reed Receives Restricted Stock Award
Insider Transaction Report
Clean Harbors Inc. Director Marcy L. Reed was awarded 789 shares of restricted common stock, vesting upon the next annual shareholders' meeting.
Summary
- Marcy L. Reed, 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, with a transaction price of $0 per share, indicating it was compensation rather than a purchase.
- Following this transaction, Ms. Reed beneficially owns a total of 5,917 shares of Clean Harbors common stock.
- The restricted stock award is set to vest 100% upon the date of the next annual meeting of shareholders.
Sentiment
Score: 7
Explanation: The filing indicates a routine equity award to a director, which is a positive for aligning management interests with shareholders. It's a standard compensation practice and doesn't suggest any negative operational or financial issues for the company.
Positives
- The award of restricted stock aligns the director's financial interests directly with those of the shareholders, as the value of the award is tied to the company's stock performance.
- This transaction represents a standard and expected form of compensation for non-employee directors, reinforcing good corporate governance practices.
Future Outlook
The restricted stock award is set to vest 100% upon the date of the next annual meeting of shareholders, indicating a future milestone for the director's equity holdings.
Industry Context
This Form 4 filing details an individual director's equity compensation, which is a routine aspect of corporate governance across various industries, including environmental and industrial services. It does not provide broader industry trends or competitive insights.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Award of restricted stock to a non-employee director as part of their compensation package. | 05/21/2025 | Aligns director's financial interests with the long-term performance of the company's stock, enhancing corporate governance by incentivizing value creation for shareholders. |
Related Party Transactions
- The transaction involves an award of restricted stock from Clean Harbors Inc. to Marcy L. Reed, a director of the company, which is a related party transaction as part of director compensation.
Stakeholder Impact
- Shareholders: The award aligns the director's interests with shareholders by tying compensation to stock performance, potentially encouraging decisions that enhance shareholder value.
Next Steps
- The restricted stock award will vest 100% upon the date of the next annual meeting of shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of transaction where Marcy L. Reed acquired restricted stock. |
| 05/23/2025 | Date the Form 4 was signed by Marcy L. Reed. |
Keywords
Clean Harbors, CLH, Marcy L. Reed, Form 4, SEC Filing, Restricted Stock, Director Compensation, Insider Transaction, Equity Award
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