4/A: Clean Harbors EVP Brian Weber Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4/A


Brian Weber, EVP of Clean Harbors, filed an amended Form 4 detailing changes in his beneficial ownership of company stock due to tax withholding and forfeiture of restricted stock.

Summary

  • Brian Weber, an Executive Vice President at Clean Harbors Inc., reported changes in his beneficial ownership of the company's common stock.
  • The report, an amendment to a previous filing, details transactions that occurred on March 17, 2025.
  • Weber disposed of 959 shares to cover tax liabilities related to the vesting of securities at a price of $192.9 per share.
  • He also forfeited 4,093 shares of restricted stock due to the company's failure to meet goals under its Long Term Equity Incentive Program, valued at $0 per share.
  • Following these transactions, Weber directly owns 57,583 shares of Clean Harbors common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing. The forfeiture of shares due to unmet goals is a slightly negative signal, but overall the document itself is neutral.

Negatives

  • The forfeiture of 4,093 shares indicates that Clean Harbors did not meet certain goals under its Long Term Equity Incentive Program.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

  • Shareholders may be concerned about the company's failure to achieve goals under the Long Term Equity Incentive Program, as indicated by the forfeiture of restricted stock.

Key Dates

DateDescription
03/17/2025Date of the stock transactions (tax withholding and stock forfeiture).
03/18/2025Date of original filing.
04/02/2025Date of signature on the amended report.

Keywords

Clean Harbors, Brian Weber, beneficial ownership, Form 4, stock forfeiture, tax withholding, equity incentive program

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