Form 4: Clean Harbors EVP Brian Weber Sells Over 3,000 Shares Under Pre-Arranged Trading Plan

Clean Harbors' Executive Vice President, Brian P. Weber, sold 3,035 shares of common stock for approximately $689,400 under a Rule 10b5-1 trading plan.

Summary

• Brian P. Weber, Executive Vice President (EVP) of Clean Harbors Inc. (CLH), reported a sale of company common stock.
• The transaction involved the disposition of 3,035 shares of common stock.
• The shares were sold at a price of $227.17 per share.
• The total value of the shares sold amounts to approximately $689,400.95.
• Following this transaction, Mr. Weber beneficially owns 54,548 shares of Clean Harbors common stock.
• The transaction was executed on June 13, 2025.
• The sale was conducted under a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale can be seen negatively, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic selling based on non-public information, making it a routine, pre-planned event.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, non-public information, which mitigates concerns about opportunistic selling.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the direct ownership stake of a key executive in the company.

Risks

• While the sale is under a 10b5-1 plan, a significant insider sale could be perceived negatively by some investors, potentially leading to short-term price volatility if misinterpreted as a lack of confidence.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider stock transaction for an executive at Clean Harbors, a leading provider of environmental and industrial services. Such transactions are common for executives managing personal finances and are often pre-scheduled through Rule 10b5-1 plans, which aim to prevent insider trading based on material non-public information. The transaction itself does not directly reflect broader industry trends but is part of the ongoing financial activities of key personnel within the sector.

Stakeholder Impact

• Shareholders: May interpret the insider sale differently; those aware of 10b5-1 plans will likely view it as routine, while others might see it as a negative signal, potentially causing minor short-term price fluctuations.

Key Dates

Recommendation

Keywords

Clean Harbors, CLH, SEC Form 4, Insider Trading, Stock Sale, Executive Compensation, Brian P. Weber, Rule 10b5-1, Environmental Services, Waste Management