Form 4: Clean Harbors EVP Brian Weber Reports Stock Transactions
SEC Form 4 Filing
EVP of Clean Harbors, Brian Weber, reports acquisition and disposal of company stock related to restricted stock awards and tax obligations.
Summary
- Brian Weber, EVP of Clean Harbors, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 1, 2025, Weber acquired 1,087 shares of common stock through a restricted stock award.
- He also acquired 3,260 shares through a performance-based restricted stock award on the same date.
- Weber disposed of 1,784 shares to cover tax liabilities associated with the vesting of securities at a price of $233 per share.
- Following these transactions, Weber beneficially owns 61,909 shares of Clean Harbors common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock awards vest over multiple years, indicating a long-term incentive structure for the executive.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their trading activities, which can be informative for investors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock awards and performance-based incentives to align management's interests with those of shareholders.
- The vesting schedules and performance metrics associated with these awards are typically benchmarked against industry peers to ensure competitiveness and effectiveness.
- Companies like Waste Management (WM) and Republic Services (RSG), which are competitors of Clean Harbors, also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
- The vesting schedules of the restricted stock awards incentivize the executive to focus on long-term value creation for shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of stock acquisition and disposal transactions. |
| 02/01/2026 | First vesting date (25%) for the restricted stock award of 1,087 shares. |
| 01/01/2026 | Start of performance period for performance-based restricted stock award. |
| 12/31/2026 | End of performance period for performance-based restricted stock award. |
| 03/15/2027 | First vesting date (50%) for the performance-based restricted stock award of 3,260 shares. |
| 02/01/2027 | Second vesting date (25%) for the restricted stock award of 1,087 shares. |
| 03/15/2028 | Second vesting date (50%) for the performance-based restricted stock award of 3,260 shares. |
| 02/01/2028 | Third vesting date (25%) for the restricted stock award of 1,087 shares. |
| 02/01/2029 | Final vesting date (25%) for the restricted stock award of 1,087 shares. |
| 02/04/2025 | Date of Form 4 filing. |
Keywords
Form 4, beneficial ownership, stock transactions, restricted stock award, performance-based restricted stock, tax withholding, Clean Harbors, CLH, Weber, EVP
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