4/A: Clean Harbors Executive Robert Speights Reports Stock Transactions

Robert Speights, President of Industrial Services at Clean Harbors Inc., reports the disposition of common stock due to tax liability and forfeiture of shares related to the company's Long Term Equity Incentive Program.

Summary

• Robert Speights, President of Industrial Services at Clean Harbors Inc., filed a Form 4/A with the SEC on April 2, 2025, reporting changes in beneficial ownership of Clean Harbors stock.
• On March 17, 2025, Mr. Speights disposed of 2,481 shares of common stock at a price of $192.90 to cover tax liabilities related to the vesting of securities.
• Also on March 17, 2025, Mr. Speights forfeited 3,583 shares of restricted stock due to the company's failure to achieve goals under its Long Term Equity Incentive Program.
• Following these transactions, Mr. Speights directly owns 33,944 shares of Clean Harbors common stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the forfeiture of shares indicating a failure to meet performance goals, offset by the routine nature of tax-related stock disposals.

Negatives

• Robert Speights forfeited 3,583 shares of restricted stock due to Clean Harbors not achieving its Long Term Equity Incentive Program goals, which could indicate underperformance against targets.

Risks

• The forfeiture of shares due to unmet incentive program goals could signal potential challenges in achieving company performance targets.

Industry Context

Executive stock transactions are routinely monitored to gauge management's confidence in the company's prospects and to ensure compliance with insider trading regulations. Forfeiture of shares due to unmet performance goals can be a signal of concern.

Comparison to Industry Standards

• Executive compensation structures, including long-term equity incentive programs, are common across publicly traded companies.
• The specific performance metrics and forfeiture rules vary widely based on industry, company size, and strategic objectives.
• Companies like Waste Management (WM) and Republic Services (RSG) also utilize equity-based compensation, but their specific performance targets and forfeiture terms would need to be examined for a direct comparison.

Stakeholder Impact

• Shareholders may be concerned about the company's failure to meet performance goals under the Long Term Equity Incentive Program.
• Employees may be affected if their compensation is tied to similar performance metrics.

Key Dates

Keywords

Clean Harbors, Robert Speights, Form 4, SEC, Beneficial Ownership, Stock Transaction, Industrial Services, Equity Incentive Program, Forfeiture, Tax Liability