4/A: Clean Harbors Executive Eric J. Dugas Reports Changes in Beneficial Ownership
SEC Form 4/A
Eric J. Dugas, EVP and CFO of Clean Harbors, reports acquisition and disposal of common stock due to restricted stock awards and tax liability coverage.
Summary
- Eric J. Dugas, the EVP and CFO of Clean Harbors, filed a Form 4/A with the SEC.
- The report details changes in his beneficial ownership of Clean Harbors common stock.
- On February 1, 2025, Dugas acquired 975 shares of common stock through a restricted stock award.
- He also acquired 2,924 shares through a performance-based restricted stock award.
- Additionally, 292 shares were disposed of to cover tax liabilities related to the vesting of securities.
- Following these transactions, Dugas beneficially owns 23,188 shares of Clean Harbors common stock.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing detailing changes in beneficial ownership. It doesn't contain overtly positive or negative information, but the acquisition of restricted stock can be seen as a mildly positive sign of executive confidence.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Future Outlook
The vesting schedules of the restricted stock awards suggest a long-term commitment by the executive to the company's success.
Industry Context
Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. This filing is a routine disclosure required by the SEC.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock awards and performance-based incentives to motivate and retain key personnel.
- Companies like Waste Management and Republic Services also utilize similar compensation strategies for their executives.
- The vesting schedules and performance metrics are typically aligned with the company's long-term strategic goals.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of transactions involving common stock acquisition and disposal. |
| 02/01/2026 | First vesting date (25%) for the restricted stock award. |
| 12/31/2026 | End of the performance period for the performance-based restricted stock award. |
| 02/01/2027 | Second vesting date (25%) for the restricted stock award. |
| 02/01/2028 | Third vesting date (25%) for the restricted stock award. |
| 03/15/2028 | Second vesting date (50%) for the performance-based restricted stock award. |
| 02/01/2029 | Final vesting date (25%) for the restricted stock award. |
| 03/11/2025 | Date of signature for the report. |
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