Clean Harbors (NYSE: CLH) co-CEO reports new stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clean Harbors, Inc. co-CEO Eric W. Gerstenberg reported several equity compensation moves and related tax withholding. On February 1, 2026, he received 10,290 shares of performance-based restricted stock and 10,690 shares of time-based restricted stock at $0 per share. On February 2, 2026, 4,934 shares were withheld at $259.91 per share to cover tax liabilities tied to vesting. After these transactions, he directly held up to 66,500 shares of Clean Harbors common stock. The performance-based award is scheduled to vest in two equal parts in 2028 and 2029, subject to goal achievement, while the time-based award vests in four equal annual installments from 2027 through 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GERSTENBERG ERIC W
Role
CO-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,934 | $259.91 | $1.28M |
| Grant/Award | Common Stock | 10,290 | $0.00 | -- |
| Grant/Award | Common Stock | 10,690 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,520 shares (Direct)
Footnotes (1)
- Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3. Performance-Based Restricted Stock Award that will vest 50% on 3/15/2028 and 50% on 3/15/2029, depending on achievement of certain goals during the performance period 1/1/2027 through 12/31/2027 Restricted Stock Award vesting as to 25% on February 1, 2027; 25% on February 1, 2028; 25% on February 1, 2029; and 25% on February 1, 2030.
FAQ
What insider transactions did CLH co-CEO Eric Gerstenberg report?
Eric W. Gerstenberg reported new restricted stock awards and tax withholding transactions. He received 10,290 performance-based restricted shares and 10,690 time-based restricted shares, and had 4,934 shares withheld at $259.91 each to satisfy tax liabilities related to vesting activity.
What are the vesting terms of Eric Gerstenberg’s performance-based CLH restricted stock?
The performance-based restricted stock award of 10,290 shares will vest 50% on March 15, 2028 and 50% on March 15, 2029. Vesting depends on achieving specified goals during the performance period from January 1, 2027 through December 31, 2027, as outlined in the award terms.
How do the time-based restricted stock awards for CLH’s co-CEO vest?
The 10,690-share restricted stock award vests in four equal installments. Vesting occurs 25% on February 1, 2027, 25% on February 1, 2028, 25% on February 1, 2029, and 25% on February 1, 2030, rewarding continued service over that multi-year period.
What role does Eric W. Gerstenberg hold at Clean Harbors (CLH)?
Eric W. Gerstenberg serves as an officer of Clean Harbors with the title of co-chief executive officer (Co-CEO). The Form 4 identifies him as an officer, not a director or 10% owner, and reports these equity-related transactions in that capacity.