Form 4: Clean Harbors Director Robert Willett Receives Restricted Stock Award

Clean Harbors Inc. Director Robert Willett was granted 789 shares of common stock as a restricted stock award, increasing his direct beneficial ownership to 9,376 shares.

Summary

• Robert Willett, a Director of Clean Harbors Inc. (CLH), acquired 789 shares of common stock on May 21, 2025.
• This acquisition was a restricted stock award, with a transaction price of $0 per share, indicating a grant rather than a purchase.
• The awarded shares are set to vest 100% upon the date of the next annual meeting of shareholders.
• Following this transaction, Mr. Willett's direct beneficial ownership in Clean Harbors common stock increased to a total of 9,376 shares.

Sentiment

Score: 7

Explanation: The filing reports a routine insider transaction (restricted stock award) which is generally a neutral to slightly positive event as it aligns director interests with shareholders. It does not contain any negative financial or operational news.

Positives

• The award of restricted stock to a non-employee director aligns the director's long-term financial interests with those of the company's shareholders.
• An increase in director ownership, even through a grant, can signal continued confidence in the company's future performance and strategic direction.

Future Outlook

The restricted stock award is structured 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

This Form 4 filing details a routine insider transaction related to director compensation. Such restricted stock awards are a common practice across various industries, including environmental and industrial services, to incentivize long-term commitment and align director interests with shareholder value creation.

Comparison to Industry Standards

• The grant of restricted stock to non-employee directors is a standard compensation practice in publicly traded companies across various industries, including those in environmental and industrial services like Clean Harbors.
• While the specific number of shares (789) and the resulting total beneficial ownership (9,376 shares) are unique to Clean Harbors and Robert Willett, the mechanism of compensation is consistent with corporate governance norms for director remuneration, aiming to align director incentives with long-term company performance.
• No specific comparable companies, projects, or compensation benchmarks are mentioned within this filing to allow for a direct quantitative comparison of the award size.

Stakeholder Impact

• Shareholders: The award of restricted stock to a director aligns the director's long-term interests with those of shareholders, potentially fostering better governance and strategic decisions.

Next Steps

• The restricted stock award will vest 100% upon the date of the next annual meeting of shareholders.

Key Dates

Recommendation

Keywords

Clean Harbors, CLH, Robert Willett, Form 4, SEC filing, insider transaction, restricted stock, director compensation, beneficial ownership