Form 4: Clean Harbors EVP/CIO Sharon M. Gabriel Reports Stock Transactions
SEC Form 4 Filing
Sharon M. Gabriel, EVP/CIO of Clean Harbors, reports acquisition and disposal of common stock related to restricted stock awards and tax liability coverage.
Summary
- On February 1, 2025, Sharon M. Gabriel, EVP/CIO of Clean Harbors Inc., acquired 583 shares of common stock through a restricted stock award.
- The restricted stock award vests in four equal installments: 25% on February 1, 2026, 25% on February 1, 2027, 25% on February 1, 2028, and 25% on February 1, 2029.
- Gabriel also acquired 2,135 shares of common stock through a performance-based restricted stock award.
- This performance-based award will vest 50% on March 15, 2027, and 50% on March 15, 2028, contingent on achieving specific goals between January 1, 2026, and December 31, 2026.
- Additionally, 777 shares were disposed of to cover tax liabilities associated with the vesting of securities, at a price of $233 per share.
- Following these transactions, Gabriel directly owns 31,316 shares of Clean Harbors Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The transactions reflect standard compensation practices and insider confidence, but do not provide groundbreaking news.
Positives
- The acquisition of restricted stock and performance-based restricted stock 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 transactions are common and are often viewed as a sign of management's confidence in the company's prospects. The vesting schedules encourage long-term value creation.
Stakeholder Impact
- The transactions 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 stock transactions (acquisition and disposal). |
| 02/01/2026 | First vesting date (25%) for 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 (50%) for the performance-based restricted stock award. |
| 02/01/2027 | Second vesting date (25%) for the restricted stock award. |
| 03/15/2028 | Second vesting date (50%) for the performance-based restricted stock award. |
| 02/01/2028 | Third vesting date (25%) for the restricted stock award. |
| 02/01/2029 | Final vesting date (25%) for the restricted stock award. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
Keywords
Clean Harbors, Sharon M. Gabriel, Stock Transactions, Restricted Stock Award, Performance-Based Award, Form 4, EVP/CIO, Beneficial Ownership
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