Clean Harbors EVP Tax Withholding Transaction Reported
Rhea-AI Filing Summary
Clean Harbors, Inc. (CLH) filed a Form 4 on 07/03/2025 for EVP/CIO Sharon M. Gabriel. On 07/01/2025 the executive had 525 common shares withheld at $229.55 per share under transaction code F, which represents shares automatically surrendered to satisfy tax obligations upon the vesting of equity awards (Rule 16b-3). Following the withholding, Gabriel directly owns 27,766 CLH shares. No open-market trades or derivative transactions were reported, indicating the event is a routine administrative adjustment rather than a discretionary sale.
Positive
- Executive retains 27,766 shares, indicating continued equity alignment with shareholders despite the withholding transaction.
Negative
- 525 shares were removed from direct ownership, a slight decrease, although motivated solely by tax obligations.
Insights
TL;DR: Routine tax-withholding; minimal signaling effect, neutral for valuation.
The F-code denotes shares withheld to cover taxes, not an elective sale; therefore, it carries little informational content about management’s view of Clean Harbors’ prospects. The 525-share reduction equals ~1.9% of Gabriel’s direct stake and is immaterial versus the company’s ~54 million shares outstanding. Insider retains a meaningful 27,766-share position, maintaining alignment with shareholders. Overall impact on supply-demand dynamics and sentiment is negligible.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 525 | $229.55 | $121K |
Footnotes (1)
- F1. Payment of tax liability by withholding of securities incident to vesting of securities in accordance with Rule 16b3.
AI-generated analysis. How Rhea-AI works. Not financial advice.