Form 4: Clean Harbors Executive Sells Shares to Cover Tax Obligations

Clean Harbors EVP, Robert W. Harrison, sold 28 shares of common stock to cover tax liabilities related to vesting securities.

Summary

• Robert W. Harrison, an Executive Vice President at Clean Harbors Inc., sold 28 shares of common stock on December 15, 2024.
• The sale was executed at a price of $244.28 per share.
• This transaction was to cover tax liabilities associated with the vesting of securities.
• Following the transaction, Mr. Harrison directly owns 4,482 shares of Clean Harbors stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, suggesting this is a routine tax-related transaction rather than a significant change in sentiment.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

Clean Harbors, stock sale, executive transaction, Form 4, insider trading, Robert W. Harrison, EVP, tax liability, vesting