CLH EVP Withholds 525 Shares for Taxes; Retains 27,766 – Form 4 Filing
Clean Harbors, Inc. (CLH) filed a Form 4 on 07/03/2025 for EVP/CIO Sharon M. Gabriel.
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.
FAQ
What did Clean Harbors (CLH) report in the latest Form 4?
Was the CLH insider transaction an open-market sale?
Does this Form 4 signal bullish or bearish sentiment?
Were any derivative securities involved in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.