Clean Harbors (NYSE: CLH) EVP has 40 shares withheld to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clean Harbors Inc. executive Charles H. Geer II reported a routine tax-related share disposition. On this Form 4, 40 shares of Common Stock were withheld on July 1, 2026 at $290.74 per share to cover tax liabilities tied to vesting. After this withholding, he directly holds 10,799 shares of Clean Harbors common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Geer Charles H. II
Role
EVP, Industrial Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 40 | $290.74 | $12K |
Holdings After Transaction:
Common Stock — 10,799 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 40 shares
Per-share value: $290.74 per share
Shares held after transaction: 10,799 shares
3 metrics
Shares withheld for taxes
40 shares
Tax-withholding disposition on July 1, 2026
Per-share value
$290.74 per share
Value applied for tax-withholding shares
Shares held after transaction
10,799 shares
Directly held common stock after withholding
Key Terms
tax-withholding disposition, Rule 16b3, Common Stock
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 40 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" with shares withheld for taxes"
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.
FAQ
What insider transaction did Clean Harbors (CLH) report for Charles H. Geer II?
Clean Harbors reported that EVP, Industrial Services, Charles H. Geer II had 40 shares of common stock withheld to cover taxes on vesting. This was a tax-withholding disposition, not an open-market trade, and reflects routine compensation-related activity.
Was this Clean Harbors (CLH) insider transaction an open-market sale or purchase?
This transaction was not an open-market sale or purchase. It is classified as a tax-withholding disposition, where shares are withheld by the company to pay taxes when equity awards vest, a common administrative mechanism under Rule 16b-3.
What does Rule 16b-3 mean in the context of this Clean Harbors (CLH) filing?
Rule 16b-3 allows certain transactions, like tax-withholding on vesting, to be exempt from short-swing profit rules. In this case, shares were withheld to cover Charles H. Geer II’s tax liability when his equity compensation vested, rather than sold in the market.