Form 4: Clean Harbors EVP Sells Shares, Forfeits Stock

Clean Harbors EVP Brian P. Weber reported the sale of 4,683 common shares and the forfeiture of 1,869 restricted shares due to unmet performance targets.

Summary

• Brian P. Weber, Executive Vice President (EVP) of CLEAN HARBORS INC (CLH), reported multiple transactions involving the company's common stock.
• On March 13, 2026, 960 shares were disposed of at a price of $288.93 to cover tax liabilities related to the vesting of securities.
• Also on March 13, 2026, 1,869 shares of restricted stock were forfeited because the company did not achieve performance targets under its Long Term Equity Incentive Program.
• On March 17, 2026, 4,683 shares were sold in the open market at a price of $293.39 per share.
• Following these transactions, Brian P. Weber beneficially owns 48,728 shares of Clean Harbors common stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the forfeiture of restricted stock explicitly linked to unmet performance targets, which raises questions about the company's recent operational achievements. The executive sale, while common, adds to this cautious sentiment.

Negatives

• 1,869 shares of restricted stock were forfeited due to the company not achieving performance targets under its Long Term Equity Incentive Program, indicating a shortfall in corporate performance metrics.
• An EVP selling 4,683 shares in the open market, combined with the forfeiture, could be perceived as a lack of strong confidence or a move to diversify holdings.

Risks

• The forfeiture of restricted stock explicitly states that the company did not achieve performance targets under its Long Term Equity Incentive Program, which suggests potential operational or financial challenges impacting key performance indicators.

Future Outlook

The filing does not contain any explicit forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales and forfeitures tied to performance, are company-specific events. While not directly indicative of broader industry trends in environmental and industrial services, they can reflect internal operational challenges or executive sentiment within Clean Harbors.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the forfeiture of shares due to unmet performance targets and the executive's open market sale as a negative signal regarding the company's short-term performance and executive confidence.

Key Dates

Recommendation

A seasoned investor would likely maintain a 'hold' recommendation, acknowledging the negative signal from the forfeiture of restricted stock due to unmet performance targets. While the executive's sale is not a massive disposition, the combination of these events warrants caution and closer monitoring of future company performance and executive compensation disclosures, rather than an immediate 'sell' unless other fundamental issues are present.

Keywords

CLH, Clean Harbors, insider trading, Form 4, stock sale, executive compensation, performance targets, restricted stock, EVP