CLEAN HARBORS (CLH) co-CEO logs 564-share tax withholding, retains 38,313 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLEAN HARBORS INC co-CEO Eric W. Gerstenberg reported a small share disposition related to taxes, not an open-market trade. On July 1, 2026, 564 shares of Common Stock were withheld at $290.74 per share to cover tax obligations tied to vesting equity awards under Rule 16b-3.
After this tax-withholding transaction, Gerstenberg directly holds 38,313 shares of CLEAN HARBORS INC Common Stock. This filing reflects routine equity compensation and associated tax settlement rather than a discretionary buy or sell decision in the open market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GERSTENBERG ERIC W
Role
CO-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 564 | $290.74 | $164K |
Holdings After Transaction:
Common Stock — 38,313 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 564 shares
Withholding price per share: $290.74 per share
Shares held after transaction: 38,313 shares
3 metrics
Shares withheld for taxes
564 shares
Tax-withholding disposition on Common Stock
Withholding price per share
$290.74 per share
Value assigned to shares used for tax withholding
Shares held after transaction
38,313 shares
Direct Common Stock ownership after July 1, 2026 transaction
Key Terms
tax-withholding disposition, Rule 16b-3, Common Stock
3 terms
tax-withholding disposition financial
"classified as a tax-withholding disposition to cover tax obligations"
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.
Rule 16b-3 regulatory
"withholding of securities incident to vesting of securities in accordance with Rule 16b3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Common Stock financial
"564 shares of Common Stock were withheld at $290.74 per share"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CLEAN HARBORS (CLH) report for Eric W. Gerstenberg?
CLEAN HARBORS reported that co-CEO Eric W. Gerstenberg had 564 shares withheld to cover tax obligations. The shares were related to vesting equity awards and not an open-market trade, making this a routine compensation and tax-settlement event rather than a discretionary sale.
Was the CLH insider transaction by Eric Gerstenberg an open-market sale?
No, the CLH insider activity was not an open-market sale. The Form 4 shows 564 shares withheld to pay tax liabilities upon vesting of equity awards under Rule 16b-3, classified as a tax-withholding disposition rather than a voluntary sale on the stock market.
What does Rule 16b-3 mean in the CLH insider Form 4 for Eric Gerstenberg?
Rule 16b-3 allows certain transactions tied to employee benefit plans, like equity award vesting, to be exempt from short-swing profit rules. In this case, the 564-share withholding covered tax liabilities from vesting awards and is treated as a routine compensation-related transaction.