CLEAN HARBORS (CLH) CFO has 447 shares withheld to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLEAN HARBORS INC Executive Vice President and Chief Financial Officer Eric J. Dugas reported a small share disposition tied to taxes, not a market trade. On this Form 4, 447 shares of common stock were withheld at $290.74 per share to cover tax liability upon vesting, in accordance with Rule 16b3.
After this tax-withholding transaction, Dugas directly holds 13,532 shares of CLEAN HARBORS INC common stock. The filing reflects a routine compensation-related event rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dugas Eric J.
Role
EVP CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 447 | $290.74 | $130K |
Holdings After Transaction:
Common Stock — 13,532 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 447 shares
Withholding price: $290.74 per share
Shares held after transaction: 13,532 shares
+1 more
4 metrics
Shares withheld for taxes
447 shares
Tax-withholding disposition on common stock
Withholding price
$290.74 per share
Valuation for tax-withholding transaction
Shares held after transaction
13,532 shares
Direct holdings after July 1, 2026 event
Tax-withholding transactions
1 event
Count of F-code tax-withholding entries in this filing
Key Terms
Rule 16b3, tax liability, withholding of securities, tax-withholding disposition
4 terms
Rule 16b3 regulatory
"in accordance with Rule 16b3"
tax liability financial
"Payment of tax liability by withholding of securities incident to vesting"
withholding of securities financial
"Payment of tax liability by withholding of securities incident to vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
FAQ
What insider transaction did CLEAN HARBORS INC (CLH) report for Eric J. Dugas?
CLEAN HARBORS INC reported that CFO Eric J. Dugas had 447 common shares withheld to pay tax liabilities upon vesting. This was a compensation-related tax-withholding event rather than an open-market stock sale or purchase.
Was the CLEAN HARBORS INC (CLH) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 447 shares were withheld by the company to satisfy tax obligations related to vesting securities under Rule 16b3, a standard administrative process for equity compensation.
What does Rule 16b3 mean in the CLEAN HARBORS INC (CLH) Form 4 footnote?
Rule 16b3 allows certain insider transactions, like tax-withholding on equity awards, to be exempt from short-swing profit rules. Here, it clarifies that withholding 447 shares for taxes was a permitted, routine part of equity compensation administration.