Form 4: Clean Harbors EVP Weber Reports Stock Transactions

Clean Harbors EVP Brian P. Weber reported the acquisition of restricted stock awards and the disposition of shares for tax purposes, increasing his total beneficial ownership.

Summary

• Brian P. Weber, Executive Vice President (CHESI) of Clean Harbors Inc. (CLH), reported changes in his beneficial ownership of common stock.
• On February 2, 2026, Weber disposed of 1,394 shares of common stock at a price of $259.91 per share to cover tax liabilities related to the vesting of securities.
• On February 1, 2026, Weber acquired 3,166 shares of common stock through a Performance-Based Restricted Stock Award at a price of $0.
• These performance-based shares are scheduled to vest 50% on March 15, 2028, and 50% on March 15, 2029, contingent on achieving specific goals during the performance period of January 1, 2027, through December 31, 2027.
• Also on February 1, 2026, Weber acquired 1,056 shares of common stock through a Restricted Stock Award at a price of $0.
• These restricted shares will vest in four equal annual installments of 25% on February 1, 2027, February 1, 2028, February 1, 2029, and February 1, 2030.
• Following these transactions, Weber's direct beneficial ownership of Clean Harbors common stock increased to 56,240 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The acquisition of new stock awards for an executive is a positive for long-term alignment, while the disposition for tax purposes is a routine, non-discretionary event.

Positives

• The acquisition of 4,222 new shares through restricted stock awards demonstrates continued executive alignment with shareholder interests and long-term incentive for management.
• The awards are structured with multi-year vesting schedules, encouraging sustained performance and retention of key executives.

Negatives

• The disposition of 1,394 shares, although for tax liability, reduces the executive's immediate direct ownership.

Risks

• The vesting of the 3,166 performance-based restricted stock awards is contingent upon the achievement of certain goals during the performance period of January 1, 2027, through December 31, 2027, meaning the full award is not guaranteed.

Future Outlook

The future outlook for Brian P. Weber's ownership includes the vesting of 3,166 performance-based restricted shares in two tranches on March 15, 2028, and March 15, 2029, subject to performance goals. Additionally, 1,056 restricted shares will vest in four annual installments from February 1, 2027, to February 1, 2030, providing a clear long-term incentive structure.

Industry Context

StockSavvy.ai notes that these types of insider transactions, involving restricted stock awards and tax-related dispositions, are standard practices in executive compensation across various industries. They are designed to align executive incentives with long-term shareholder value creation and are a common component of total compensation packages for senior management.

Stakeholder Impact

• Shareholders: The new restricted stock awards align executive incentives with long-term shareholder value, as the awards vest over several years and are partly performance-based.
• Employees: The compensation structure for a key executive may serve as a benchmark or motivator for other employees, reinforcing a performance-oriented culture.

Next Steps

• Achievement of performance goals for the Performance-Based Restricted Stock Award during the period of January 1, 2027, through December 31, 2027.
• Vesting of 50% of Performance-Based Restricted Stock Award shares on March 15, 2028.
• Vesting of 50% of Performance-Based Restricted Stock Award shares on March 15, 2029.
• Annual vesting of 25% of Restricted Stock Award shares on February 1, 2027, February 1, 2028, February 1, 2029, and February 1, 2030.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation, including new restricted stock awards and a tax-related disposition. Such transactions do not typically indicate a change in the company's fundamental outlook or operational performance, and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Restricted Stock Award, Executive Compensation, Beneficial Ownership, Stock Vesting