SCHEDULE: Vanguard Group Reports 0% Clean Harbors Stake

The Vanguard Group reported a 0% beneficial ownership in Clean Harbors Inc. common stock following an internal realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 12 to Schedule 13G for Clean Harbors Inc. common stock.
• The filing indicates that The Vanguard Group now holds 0% beneficial ownership of Clean Harbors Inc. common stock.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated entities.
• The Vanguard Group, including its registered investment companies and other managed accounts, retains the right to receive or direct dividends and proceeds from the sale of these securities, but no single other person's interest exceeds 5%.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reflecting an administrative change in The Vanguard Group's reporting structure rather than a substantive change in investment thesis or company performance for Clean Harbors Inc.

Positives

• The filing provides clear transparency regarding The Vanguard Group's updated beneficial ownership reporting structure following an internal realignment.

Negatives

• The Vanguard Group, as the parent entity, no longer reports direct beneficial ownership in Clean Harbors Inc., which might be perceived as a reduction in direct institutional interest from the parent organization.

Future Outlook

This filing does not contain any forward-looking statements or guidance related to Clean Harbors Inc.'s operations or financial performance; it pertains solely to The Vanguard Group's beneficial ownership reporting.

Industry Context

StockSavvy.ai notes that this filing reflects a procedural change in how The Vanguard Group reports its holdings, rather than a strategic divestment based on Clean Harbors' performance. Such internal realignments are common among large asset managers to optimize reporting structures or comply with specific regulatory interpretations, and do not necessarily indicate a change in investment strategy towards Clean Harbors by Vanguard's underlying funds.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for changes in beneficial ownership. It does not provide performance data for Clean Harbors Inc. that would allow for a comparison to industry standards or specific comparable companies like Waste Management or Republic Services.

Stakeholder Impact

• Shareholders of Clean Harbors Inc. might observe a change in how The Vanguard Group's overall beneficial ownership is reported, with the parent entity no longer directly holding shares, though underlying funds may still maintain positions.
• The Vanguard Group's internal realignment impacts its own internal reporting and compliance procedures.

Next Steps

• The Vanguard Group's subsidiaries and/or business divisions will report beneficial ownership separately in reliance on SEC Release No. 34-39538.

Key Dates

Keywords

Clean Harbors Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Ownership, SEC Filing, Common Stock, Ownership Change