4/A: Clean Harbors EVP Brian Weber Reports Changes in Beneficial Ownership
SEC Form 4/A
EVP of Clean Harbors, Brian Weber, reports acquisition and disposal of common stock, including restricted stock awards and tax liability payments.
Summary
- Brian Weber, EVP of Clean Harbors, filed an amended Form 4/A with the SEC.
- The report details changes in his beneficial ownership of Clean Harbors common stock.
- Weber acquired 1,087 shares of common stock through a restricted stock award vesting over four years, starting February 1, 2026.
- He also acquired 3,260 shares through a performance-based restricted stock award vesting in 2027 and 2028, contingent on performance goals.
- 1,058 shares were disposed of to cover tax liabilities related to vesting securities.
- The filing corrects an administrative error in the previous report.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock suggests confidence, but the disposal of shares for tax liabilities is a normal occurrence.
Positives
- The acquisition of restricted stock awards indicates confidence in the company's future performance.
Future Outlook
The vesting schedules of the restricted stock awards suggest a long-term commitment by the executive to the company's success.
Industry Context
Executive stock ownership changes are routinely monitored as indicators of management's confidence in the company's prospects within the environmental services industry.
Comparison to Industry Standards
- Executive compensation packages, including restricted stock awards, are common in the environmental services industry to align management interests with shareholder value, similar to practices at Waste Management and Republic Services.
- Vesting schedules and performance-based awards are also standard practice to incentivize long-term growth and achievement of specific company goals.
Stakeholder Impact
- The reported transactions could have a minor positive impact on shareholder confidence due to the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of transactions involving common stock. |
| 02/01/2026 | First vesting date for 25% of the restricted stock award. |
| 12/31/2026 | End of the performance period for the performance-based restricted stock award. |
| 03/15/2027 | First vesting date for 50% of the performance-based restricted stock award. |
| 02/01/2027 | Second vesting date for 25% of the restricted stock award. |
| 03/15/2028 | Second vesting date for 50% of the performance-based restricted stock award. |
| 02/01/2028 | Third vesting date for 25% of the restricted stock award. |
| 02/01/2029 | Final vesting date for 25% of the restricted stock award. |
| 03/18/2025 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.