CLEAN HARBORS chair reports tax-share withholding
CLEAN HARBORS INC executive Alan S. McKim reported routine share movements mainly related to tax withholding and trust holdings.
Rhea-AI Filing Summary
CLEAN HARBORS INC executive Alan S. McKim reported routine share movements mainly related to tax withholding and trust holdings. The filing shows an F-code transaction where 1,343 shares of common stock were withheld at $290.74 per share to cover a tax liability upon vesting, a non-market disposition under Rule 16b-3.
After this tax-withholding event, McKim directly holds 31,419 common shares. He also has indirect ownership through several trusts, including 2,065,368 shares held by the McKim 2007 Trust, 67,093 shares held by the McKim 2025 Annuity Trust, and 100,000 shares held by the McKim 2026 Annuity Trust.
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Insights
Filing shows routine tax withholding on vested shares.
The Form 4 for CLEAN HARHORS INC executive Alan S. McKim records an F-code transaction where 1,343 shares were withheld at $290.74 per share to satisfy tax obligations tied to vesting, as noted under Rule 16b-3.
F-code events are not open-market sales and generally carry limited signaling value for investors because they occur automatically when awards vest. The filing also lists sizeable indirect holdings through the McKim 2007 Trust and annuity trusts, indicating substantial continuing equity exposure after this routine tax event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,343 | $290.74 | $390K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3
Key Figures
Key Terms
Rule 16b-3 regulatory
tax liability financial
withholding of securities financial
vesting of securities financial
F-code transaction regulatory
FAQ
What insider transaction did Alan S. McKim report for CLEAN HARBORS INC (CLH)?
Does the McKim Form 4 for CLEAN HARBORS INC show an open-market sale or purchase?
What indirect CLEAN HARBORS INC holdings are reported for Alan S. McKim on this Form 4?
What does an F-code tax-withholding transaction mean for CLEAN HARBORS INC insiders?
AI-generated analysis. How Rhea-AI works. Not financial advice.