Form 4: CLH Director Sells Shares via Pre-Arranged Plan

Marcy L. Reed, a director at Clean Harbors Inc., sold 836 shares of common stock for $287.94 per share under a Rule 10b5-1 trading plan.

Summary

• Marcy L. Reed, a Director of Clean Harbors Inc. (CLH), reported a sale of common stock.
• The transaction involved the disposition of 836 shares.
• The shares were sold at a price of $287.94 per share.
• The sale occurred on March 18, 2026.
• Following this transaction, Marcy L. Reed beneficially owns 5,081 shares of Clean Harbors Inc. common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale by a director, while a reduction in insider holdings, was conducted under a pre-arranged 10b5-1 plan, which typically signals a planned liquidity event rather than a reaction to new company-specific information.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider sales, particularly by directors, are common occurrences. When executed under a Rule 10b5-1 plan, such transactions are generally considered routine and pre-scheduled, reducing the likelihood of market speculation regarding the insider's view of the company's immediate prospects. This contrasts with unscheduled sales, which might draw more scrutiny.

Stakeholder Impact

• Shareholders: Minimal impact, as the sale is pre-planned and relatively small, not signaling a change in company fundamentals.

Key Dates

Recommendation

The sale of shares by a director, Marcy L. Reed, was executed under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reaction to new material information. This type of insider sale is generally considered a routine liquidity event and does not typically warrant a change in investment thesis for Clean Harbors Inc. Therefore, a "hold" recommendation is appropriate, maintaining current positions while monitoring future company developments.

Keywords

Clean Harbors, CLH, Insider Trading, Form 4, Stock Sale, Director, Marcy L. Reed, 10b5-1 Plan