Form 4: Clean Harbors Executive Reports Stock Transactions

Clean Harbors Inc. executive Rebecca Underwood reported the forfeiture of restricted stock due to unmet performance targets and the withholding of shares for tax liability.

Summary

• Rebecca Underwood, President & EVP Facilities of Clean Harbors Inc. (CLH), reported two transactions on March 13, 2026.
• 125 shares of Common Stock were disposed of at a price of $288.93 per share to satisfy tax withholding obligations related to the vesting of securities.
• 1,401 shares of restricted stock were forfeited because Clean Harbors Inc. did not achieve specific performance targets under its Long Term Equity Incentive Program.
• Following these reported transactions, Rebecca Underwood directly beneficially owns 18,684 shares of Common Stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the forfeiture of a notable number of restricted shares, which indicates the company did not meet certain internal performance targets.

Negatives

• 1,401 shares of restricted stock were forfeited due to the company not achieving performance targets under its Long Term Equity Incentive Program.

Risks

• The forfeiture of restricted stock due to unmet performance targets indicates a risk that the company may not be meeting its internal operational or financial goals, which could impact future performance and investor confidence.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive stock ownership changes. While the tax withholding is a routine event, the forfeiture of shares due to unmet performance targets can be a more significant signal, potentially indicating challenges in achieving internal strategic or financial objectives compared to industry peers.

Comparison to Industry Standards

• The forfeiture of restricted stock due to unmet performance targets is an internal company matter related to its specific Long Term Equity Incentive Program. Without details on the specific targets or comparable programs at other companies like Waste Management (WM) or Republic Services (RSG), a direct industry-wide performance comparison based solely on this filing is not feasible. However, such forfeitures generally suggest underperformance against internal benchmarks.

Stakeholder Impact

• Shareholders may view the forfeiture of restricted stock due to unmet performance targets as a negative signal regarding the company's operational execution or financial performance against its own goals, potentially impacting investor confidence.

Key Dates

Recommendation

The forfeiture of shares due to unmet performance targets is a negative indicator, suggesting the company fell short of internal goals. However, this is a single event related to executive compensation and does not provide a comprehensive view of the company's overall financial health or strategic direction. A seasoned investor would likely hold and monitor subsequent financial reports for broader performance trends before making a definitive buy or sell decision.

Keywords

Clean Harbors, CLH, Form 4, insider transaction, executive compensation, restricted stock, performance targets, stock disposition