Form 4: Clean Harbors Executive Alan McKim Reports Charitable Stock Transfers

Alan McKim, Executive Chair and CTO of Clean Harbors, reported gifting shares of company stock to charity.

Summary

• Alan McKim, the Executive Chair and CTO of Clean Harbors, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 15, 2024, Mr. McKim gifted 7,200 shares of Clean Harbors common stock to charity.
• On November 18, 2024, he gifted an additional 15,000 shares of Clean Harbors common stock to charity.
• Following these transactions, Mr. McKim directly owns 36,634 shares and indirectly owns 2,472,011 shares through various trusts.
• The transactions were reported as charitable gifts with no monetary value assigned to the transfer of shares.

Sentiment

Score: 7

Explanation: The document reflects a standard regulatory filing related to charitable giving, which is generally viewed positively. There is no indication of negative sentiment.

Positives

• The charitable gifts may be viewed positively by the public as a demonstration of corporate social responsibility.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders and are not specific to any industry trend.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
• The transactions reported are typical for executives who may donate shares to charitable organizations.

Stakeholder Impact

• The charitable gifts may have a minor positive impact on the company's public image.

Key Dates

Keywords

Clean Harbors, Alan McKim, Form 4, Beneficial Ownership, Charitable Gift, Stock Transfer, Executive Chair, CTO