Form 4: Clean Harbors EVP Sells Shares for Tax Obligation

Clean Harbors EVP Charles H. Geer II reported the disposition of 294 common shares to cover tax liabilities related to vesting securities.

Summary

• Charles H. Geer II, EVP, Industrial Services of Clean Harbors Inc. (CLH), reported a transaction on November 1, 2025.
• The transaction involved the disposition of 294 shares of Common Stock.
• The shares were disposed of at a price of $210.51 per share.
• This disposition was for the payment of tax liability by withholding securities incident to the vesting of other securities, in accordance with Rule 16b3.
• Following this transaction, Charles H. Geer II directly beneficially owns 8,842 shares of Clean Harbors Common Stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction related to executive compensation and tax obligations, not indicative of positive or negative sentiment towards the company's performance or outlook.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This is a routine insider transaction related to executive compensation, which is a common occurrence across all industries for executives receiving equity awards. It does not provide specific insights into broader industry trends or competitive positioning.

Comparison to Industry Standards

• The disposition of shares to cover tax liabilities upon vesting of equity awards is a standard practice for executive compensation across publicly traded companies, aligning with typical industry benchmarks for managing equity-based incentives.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary tax-related sale, not a discretionary sale indicating a change in confidence. The number of shares disposed is small relative to the company's total outstanding shares.

Key Dates

Recommendation

The filing details a routine, non-discretionary disposition of shares by an executive to cover tax liabilities associated with the vesting of equity awards. This is a common practice and does not reflect a change in the company's fundamentals, operational performance, or the executive's confidence in the company. Therefore, it provides no new information that would warrant a change in investment recommendation.

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Executive Compensation, Tax Withholding, Vesting