Form 4: Clean Harbors Director Sells Shares Under 10b5-1 Plan

Lauren States, a director at Clean Harbors Inc, sold 308 shares of common stock on December 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Lauren States, a director at Clean Harbors Inc, executed a sale of 308 common stock shares on December 16, 2024.
• The sale was conducted at a price of $245.06 per share.
• This transaction was made under a pre-arranged trading plan, specifically a 10b5-1 plan.
• Following the transaction, Ms. States directly owns 12,534 shares of Clean Harbors common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider transaction, which is neither positive nor negative. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any recent non-public information.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any recent non-public information.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for all publicly listed companies.
• The use of a 10b5-1 trading plan is a common method for corporate insiders to sell shares without raising concerns about insider trading.
• The volume of shares sold is relatively small compared to the total outstanding shares of Clean Harbors, suggesting it is not a significant market event.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Clean Harbors, insider trading, Form 4, stock sale, 10b5-1 plan, Lauren States, director