4/A: Clean Harbors EVP/CIO Sharon M. Gabriel Reports Changes in Beneficial Ownership

Sharon M. Gabriel, EVP/CIO of Clean Harbors, reports acquisition and disposal of common stock due to restricted stock awards and tax liability payments.

Summary

• Sharon M. Gabriel, EVP/CIO of Clean Harbors Inc., filed a Form 4/A with the SEC regarding changes in beneficial ownership of the company's stock.
• The report details the acquisition of 583 shares of common stock on February 1, 2025, related to a restricted stock award vesting over four years.
• Additionally, 2,135 shares were acquired on the same date related to a performance-based restricted stock award vesting in 2027 and 2028.
• 339 shares were disposed of on February 1, 2025, to cover tax liabilities associated with the vesting of securities.
• The total number of shares beneficially owned following the reported transactions is 31,754.
• The filing amends a previous filing from February 5, 2025, to correct an administrative error.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports routine transactions related to executive compensation. The acquisition of restricted stock is a positive sign, but the disposal of shares for tax liabilities is a neutral event.

Positives

• The acquisition of restricted stock awards indicates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax liabilities slightly reduces the reporting person's holdings.

Risks

• The performance-based restricted stock award is contingent on achieving certain goals, which may not be met.
• Fluctuations in the stock price could impact the value of the restricted stock awards.

Future Outlook

The document outlines future vesting dates for restricted stock awards, contingent on continued employment and, in the case of performance-based awards, achievement of specific goals.

Industry Context

Insider transactions are common and closely monitored, providing insights into management's perspective on the company's valuation and future prospects within the waste management and environmental services industry.

Comparison to Industry Standards

• Comparing Clean Harbors' executive compensation structure with that of Waste Management or Republic Services would provide context on whether the equity-based compensation is in line with industry norms.
• Analyzing the vesting schedules and performance metrics associated with the restricted stock awards against those of similar companies would offer insights into the competitiveness of Clean Harbors' compensation packages.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they involve a relatively small number of shares.
• The vesting of restricted stock awards incentivizes the executive to contribute to the company's success, potentially benefiting all stakeholders.

Key Dates