Form 4: Clean Harbors Executive Chairman Alan McKim Reports Changes in Beneficial Ownership

Alan McKim, Executive Chairman and CTO of Clean Harbors, reports transactions involving common stock, including tax liability payments via withheld securities and a charitable gift.

Summary

• On March 15, 2024, Alan McKim had 1,265 shares of Clean Harbors common stock withheld to cover tax liabilities related to vesting securities at a price of $187.84 per share.
• On March 18, 2024, McKim made a charitable gift of 28,000 shares of Clean Harbors common stock.
• Following these transactions, McKim directly owns 37,977 shares of common stock.
• McKim also indirectly owns 2,544,211 shares through the McKim 2007 Trust, 75,731 shares through the McKim 2023 Annuity Trust, and 88,641 shares through the McKim 2024 Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The document does not contain information that can be interpreted as positive.

Negatives

• The document does not contain information that can be interpreted as negative.

Risks

• The document does not contain information that can be interpreted as a risk.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's standard practice for executives to manage their equity holdings for tax planning and charitable giving purposes.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates