Clean Harbors (NYSE: CLH) co-CEO logs tax withholding and share forfeiture
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLEAN HARBORS INC co-CEO Eric W. Gerstenberg reported routine compensation-related share dispositions. On March 13, 2026, 977 shares of common stock were withheld to cover tax liabilities upon vesting. On the same date, 2,166 shares of restricted stock were forfeited because the company did not achieve performance targets under its Long Term Equity Incentive Program. After these transactions, Gerstenberg directly owned 39,877 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GERSTENBERG ERIC W
Role
CO-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 977 | $288.93 | $282K |
| Disposition | Common Stock | 2,166 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,043 shares (Direct)
Footnotes (1)
- Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3. Shares of restricted stock forfeited due to the Company not achieving performance targets under its Long Term Equity Incentive Program.
FAQ
What insider transactions did CLEAN HARBORS (CLH) report for Eric Gerstenberg?
CLEAN HARBORS reported that co-CEO Eric W. Gerstenberg had 977 shares withheld for tax liabilities and 2,166 shares of restricted stock forfeited due to missed performance targets. These are compensation-related, non-market transactions disclosed in a Form 4 filing.
Were the CLEAN HARBORS (CLH) Form 4 transactions open-market buys or sells?
No, the Form 4 shows no open-market buys or sells. One transaction was 977 shares withheld to pay tax obligations on vesting, and another was 2,166 restricted shares forfeited back to the company after performance targets were not met.
What does the tax withholding transaction in the CLEAN HARBORS (CLH) Form 4 mean?
The tax withholding transaction shows 977 shares withheld to satisfy tax liabilities when stock awards vested. Instead of paying cash taxes, shares are retained by the company at the reported price, which is a common, non-market mechanism under Rule 16b-3.