Form 4: Clean Harbors Exec Gifts Shares to Trusts
Insider Transaction Report
Alan S. McKim, Executive Chairman and CTO of Clean Harbors Inc., gifted a total of 12,850 shares of common stock to associated trusts on September 16, 2025, under a Rule 10b5-1 plan.
Summary
- Alan S. McKim, Executive Chairman, CTO, and Director of Clean Harbors Inc. (CLH), reported a change in beneficial ownership.
- On September 16, 2025, Mr. McKim disposed of 8,567 shares and 4,283 shares of Clean Harbors Common Stock, totaling 12,850 shares, through gifts.
- The transactions were executed at a price of $0 per share.
- These transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
- Following these transactions, Mr. McKim beneficially owns 2,342,461 shares indirectly through the McKim 2007 Trust, 34,027 shares directly, and 100,000 shares indirectly through the McKim 2025 Annuity Trust.
Sentiment
Score: 5
Explanation: The filing reports a gift of shares by an executive, which is a personal financial decision and does not inherently reflect positively or negatively on the company's operational performance or future prospects. The transaction being under a 10b5-1 plan indicates adherence to compliance.
Positives
- The transaction was conducted under a Rule 10b5-1 plan, indicating pre-planned and compliant insider trading practices.
Negatives
- No direct negative implications for the company's operations or financial health are indicated by this personal transaction.
Future Outlook
NA
Industry Context
This filing reports a routine insider transaction (gift of shares) by an executive, which is a personal financial event and does not inherently reflect on broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The reported transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating adherence to pre-arranged trading plans designed to avoid insider trading allegations. | 09/16/2025 | Enhances transparency and compliance regarding executive stock transactions. |
Related Party Transactions
- Gifts of common stock were made to the McKim 2007 Trust and the McKim 2025 Annuity Trust, which are entities indirectly beneficially owned by the reporting person, Alan S. McKim.
Stakeholder Impact
- Shareholders: Minimal direct impact as it represents a personal estate planning transaction by an executive, not a sale for liquidity or a signal of company performance.
- Employees, Customers, Suppliers, Creditors: No direct impact indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 09/16/2025 | Date of gift transactions for Common Stock. |
| 09/17/2025 | Date the Form 4 was signed by Attorney-in-Fact. |
Keywords
Clean Harbors, CLH, Alan S. McKim, Insider Transaction, Form 4, Stock Gift, Executive Ownership, Rule 10b5-1, Beneficial Ownership
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