Form 4: Clean Harbors EVP Reports Stock Awards, Tax Withholding

Clean Harbors EVP Robert W. Harrison reported the acquisition of restricted stock awards and a tax-related disposition of shares.

Summary

• Robert W. Harrison, EVP, EHS of Clean Harbors Inc. (CLH), reported transactions involving the company's common stock.
• On February 1, 2026, Harrison acquired 1,003 shares of common stock as a Performance-Based Restricted Stock Award, with a grant price of $0.
• Also on February 1, 2026, Harrison acquired 430 shares of common stock as a Restricted Stock Award, with a grant price of $0.
• On February 2, 2026, Harrison disposed of 184 shares of common stock at a price of $259.91 per share to cover tax liabilities related to the vesting of securities.
• Following these transactions, Harrison directly beneficially owns 7,034 shares of Clean Harbors Inc. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it reflects an executive receiving equity compensation, which aligns their interests with long-term shareholder value. The tax-related sale is a standard, non-discretionary event.

Positives

• The acquisition of 1,003 shares through a Performance-Based Restricted Stock Award aligns executive incentives with company performance, vesting based on achievement of certain goals during the performance period 1/1/2027 through 12/31/2027.
• The acquisition of 430 shares through a Restricted Stock Award demonstrates continued executive commitment and long-term interest in the company's success.

Negatives

• The disposition of 184 shares was for the payment of tax liability incident to the vesting of securities, which is a routine and expected event for equity compensation.

Future Outlook

The filing indicates future vesting events for both performance-based and time-based restricted stock awards extending through March 2029 and February 2030, respectively. These awards are contingent on either continued employment or the achievement of specific performance goals, suggesting a long-term commitment from the executive.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through equity awards, is a common practice across industries to align management's interests with those of shareholders. The structure of these awards, including performance-based vesting, is consistent with modern corporate governance trends aimed at incentivizing long-term value creation.

Stakeholder Impact

• Shareholders: The granting of performance-based and restricted stock awards to an executive can be seen as a positive for shareholders, as it aligns management's long-term interests with the company's performance and stock value. The tax-related sale is a common occurrence and generally has minimal impact.

Next Steps

• Achievement of certain performance goals during the period 1/1/2027 through 12/31/2027 for the 1,003 performance-based restricted stock award shares.
• Vesting of 50% of the performance-based restricted stock award shares on 3/15/2028.
• Vesting of 50% of the performance-based restricted stock award shares on 3/15/2029.
• Vesting of 25% of the restricted stock award shares on 2/1/2027.
• Vesting of 25% of the restricted stock award shares on 2/1/2028.
• Vesting of 25% of the restricted stock award shares on 2/1/2029.
• Vesting of 25% of the restricted stock award shares on 2/1/2030.

Key Dates

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Award, Performance-Based Award, Stock Vesting, Tax Withholding