Form 4: Clean Harbors EVP Reports Stock Transactions

Clean Harbors Executive Vice President George L. Curtis reported the disposition of common stock, including shares forfeited due to unachieved performance targets.

Summary

• George L. Curtis, Executive Vice President of Clean Harbors, Inc. (CLH), reported changes in his beneficial ownership of common stock.
• On March 13, 2026, 350 shares of common stock were disposed of at a price of $288.93 per share to cover tax liabilities related to the vesting of securities.
• On the same date, 1,028 shares of restricted stock were forfeited because the company did not achieve performance targets under its Long Term Equity Incentive Program.
• Following these transactions, George L. Curtis beneficially owns 46,048 shares of Clean Harbors common stock, which includes 11 shares acquired under the Employee Stock Purchase Plan.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the forfeiture of a significant number of restricted shares, indicating the company did not meet specific performance targets, which can be a concern for investors.

Negatives

• Forfeiture of 1,028 shares of restricted stock due to the company not achieving performance targets under its Long Term Equity Incentive Program.

Risks

• Failure to achieve performance targets under the Long Term Equity Incentive Program, as evidenced by the forfeiture of restricted stock, which could signal underlying operational or financial challenges.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, beyond the implication of past performance not meeting targets.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions. The forfeiture of restricted stock due to unachieved performance targets, while specific to Clean Harbors' internal metrics, can sometimes reflect broader industry headwinds or company-specific operational challenges that prevent the achievement of incentive-based goals. This type of event warrants closer examination of the company's recent financial performance and future guidance compared to peers in the environmental and industrial services sector.

Comparison to Industry Standards

• NA This filing details individual insider transactions rather than company-wide performance metrics that are directly comparable to specific industry benchmarks or competitor projects.

Stakeholder Impact

• Shareholders: May view the forfeiture of shares due to missed performance targets as a negative indicator of company performance.
• Employees: The Long Term Equity Incentive Program's performance targets were not met, which could affect other employees participating in similar programs.

Key Dates

Recommendation

While the forfeiture of shares due to missed performance targets is a negative signal, this Form 4 filing alone does not provide enough comprehensive financial data to warrant a strong buy or sell recommendation. It suggests a need for further investigation into the company's recent performance and future outlook. A 'hold' recommendation is appropriate until more detailed financial reports are available to assess the broader implications of the missed targets.

Keywords

Clean Harbors, CLH, Form 4, Insider Trading, Stock Ownership, Executive Compensation, Restricted Stock, Performance Targets, George L. Curtis