Form 4: Clean Harbors Executive Acquires 11,000 Shares of Common Stock

Jeroen Diderich, EVP & President of Sales & Service at Clean Harbors, acquired 11,000 shares of common stock on June 1, 2024, through a restricted stock award.

Summary

• On June 1, 2024, Jeroen Diderich, an EVP & President of Sales & Service at Clean Harbors Inc., acquired 11,000 shares of common stock.
• The acquisition was part of a restricted stock award.
• The restricted stock vests in three tranches: 33% on June 1, 2025, 33% on June 1, 2026, and 34% on June 1, 2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, which suggests confidence from the executive in the company's future.

Positives

• The acquisition of shares by an executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document outlines the vesting schedule for the restricted stock award, indicating a multi-year incentive plan for the executive.

Industry Context

Insider transactions are common and closely monitored in the environmental services industry, as they can provide insights into management's perspective on the company's prospects. This transaction is a standard part of executive compensation packages.

Comparison to Industry Standards

• Restricted stock awards are a typical component of executive compensation packages in publicly traded companies, including those in the environmental services sector.
• Companies like Waste Management (WM) and Republic Services (RSG) also utilize similar equity-based compensation plans to align executive interests with shareholder value.
• The vesting schedule of the restricted stock is fairly standard, with gradual vesting over a three-year period, similar to practices observed in comparable companies.

Stakeholder Impact

• Shareholders may view the executive's stock acquisition as a positive signal, aligning management's interests with the company's performance.
• Employees may see this as a sign of stability and confidence in the company's leadership.

Key Dates