Form 4: Clean Harbors Exec Sells Shares to Cover Tax Liability

Alan S. McKim, Executive Chair and CTO of Clean Harbors Inc., reported a disposition of 1,343 common shares to cover tax liabilities associated with vesting.

Summary

• Alan S. McKim, Executive Chair and CTO of Clean Harbors Inc., disposed of 1,343 shares of common stock on July 1, 2026.
• The transaction was a sale to cover tax liabilities related to the vesting of securities.
• The sale price was $290.74 per share.
• Following this transaction, McKim directly beneficially owns 31,419 shares of common stock.
• McKim also indirectly beneficially owns additional shares through various trusts and an annuity trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction for tax purposes rather than a strategic decision about the company's future.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings, like this one from Clean Harbors, are standard disclosures for insider transactions, often related to routine events such as covering tax obligations upon vesting of equity awards. These are generally not indicative of a change in the insider's fundamental view of the company's prospects.

Stakeholder Impact

• Shareholders: The sale of shares by an insider for tax purposes is a common occurrence and typically has minimal direct impact on the share price, assuming it is a relatively small portion of the insider's holdings and is for a non-discretionary reason like tax payment.

Key Dates

Keywords

Clean Harbors, CLH, Form 4, Insider Transaction, Stock Sale, Tax Liability, Vesting, Executive Chair, CTO