Form 4: Clean Harbors Executive Acquires Shares Through Restricted Stock Awards

Robert W. Harrison, EVP of EHS at Clean Harbors, acquired shares of common stock through restricted stock awards on February 1, 2025.

Summary

• On February 1, 2025, Robert W. Harrison, EVP of EHS at Clean Harbors, acquired 443 shares of common stock through a restricted stock award.
• He also acquired 1,033 shares of common stock through a performance-based restricted stock award on the same date.
• Following these transactions, Harrison directly owns 5,958 shares of Clean Harbors common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock awards, which is neither particularly positive nor negative on its own.

Positives

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

Future Outlook

The vesting schedules for the restricted stock awards provide a timeline for potential future equity compensation for the executive.

Industry Context

Executive stock awards are a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in the environmental services industry, similar to companies like Waste Management (WM) and Republic Services (RSG).
• The vesting schedules and performance-based criteria are also standard practices to incentivize long-term value creation, aligning with industry norms for executive compensation.

Stakeholder Impact

• The stock awards align the executive's interests with those of shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates

Keywords

Clean Harbors, Robert W. Harrison, EVP EHS, Form 4, Stock Award, Restricted Stock, Beneficial Ownership, Insider Trading