Form 4: Clean Harbors Inc. Executive Rebecca Underwood Reports Stock Transactions

Rebecca Underwood, President & EVP Facilities at Clean Harbors Inc., reports acquisition and disposal of common stock related to restricted stock awards and tax liability coverage.

Summary

• On February 1, 2025, Rebecca Underwood, President & EVP Facilities at Clean Harbors Inc., reported transactions involving Clean Harbors common stock.
• She acquired 863 shares of common stock through a restricted stock award.
• She also acquired 2,587 shares of common stock through a performance-based restricted stock award.
• Additionally, 299 shares were disposed of to cover tax liabilities related to the vesting of securities at a price of $233 per share.
• Following these transactions, Underwood beneficially owns 18,562 shares of Clean Harbors common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions related to executive compensation. There is no indication of positive or negative sentiment regarding the company's performance or future outlook.

Future Outlook

The performance-based restricted stock award will vest based on the achievement of certain goals during the performance period from January 1, 2026, through December 31, 2026.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages, including stock options and restricted stock awards. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonuses, and equity-based awards, such as stock options and restricted stock units (RSUs).
• The vesting schedules for restricted stock awards typically range from three to five years, aligning executive incentives with long-term company performance.
• Companies like Waste Management (WM) and Republic Services (RSG), which are competitors of Clean Harbors, also utilize equity-based compensation to incentivize their executives.
• The specific terms of these awards, such as vesting schedules and performance metrics, can vary depending on the company's compensation philosophy and industry practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect changes in insider ownership.
• The vesting of restricted stock awards incentivizes the executive to focus on long-term company performance, which benefits shareholders.

Key Dates

Keywords

Clean Harbors, Rebecca Underwood, Stock Transactions, Form 4, Restricted Stock Award, Performance-Based Restricted Stock Award, Beneficial Ownership, Tax Liability, SEC Filing