Clean Harbors (CLH) EVP reports 359-share tax withholding on vested stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLEAN HARBORS INC executive Gabriel M. Sharon reported a small tax-related share disposition. On the reported date, 359 shares of Common Stock were withheld at a price of $290.74 per share to cover tax liabilities tied to vesting of equity awards.
After this tax-withholding transaction, Sharon directly holds 20,706 shares of CLEAN HARBORS INC common stock. The filing notes that the withholding was conducted in accordance with Rule 16b-3, indicating it was an administrative, compensation-related event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gabriel Sharon M.
Role
EVP/CIO (CHESI)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 359 | $290.74 | $104K |
Holdings After Transaction:
Common Stock — 20,706 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 359 shares
Withholding price per share: $290.74 per share
Shares held after transaction: 20,706 shares
3 metrics
Shares withheld for taxes
359 shares
Tax-withholding disposition on Common Stock
Withholding price per share
$290.74 per share
Value used for 359 withheld shares
Shares held after transaction
20,706 shares
Direct holdings after tax withholding
Key Terms
tax-withholding disposition, Rule 16b3, Common Stock, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 359 shares of Common Stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b3 regulatory
"Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3"
Common Stock financial
"security_title: "Common Stock" involved in the Form 4 transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) describing the insider transaction details"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CLEAN HARBORS (CLH) report for Gabriel M. Sharon?
CLEAN HARBORS reported that executive Gabriel M. Sharon had 359 common shares withheld to cover tax liabilities on vested equity. This was an administrative tax-withholding event, not an open-market buy or sell transaction, and was conducted under Rule 16b-3.
Was the CLEAN HARBORS (CLH) insider transaction an open-market sale or purchase?
The transaction was not an open-market sale or purchase. It was a tax-withholding disposition, where 359 shares were withheld by the company to cover tax liabilities when equity awards vested, as permitted under Rule 16b-3 for compensation-related transactions.
What does Rule 16b-3 mean for this CLEAN HARBORS (CLH) Form 4 transaction?
Rule 16b-3 allows company insiders to handle equity compensation transactions, such as tax-withholding, without triggering insider trading concerns. In this case, the 359 withheld shares reflect an approved, compensation-related mechanism rather than discretionary trading in CLEAN HARBORS stock.