Weber Brian P 4

What Happened

• Brian P. Weber, Executive Vice President (CHESI) of Clean Harbors (CLH), reported three related dispositions tied to equity vesting and an open-market sale. On March 13, 2026, 960 shares were withheld to cover taxes at $288.93/share (value $277,373) and 1,869 restricted shares were forfeited due to unmet performance targets (no cash value). On March 17, 2026 he sold 4,683 shares in an open-market transaction at $293.39/share for proceeds of $1,373,945. These actions are disposals (sales/withholding/forfeiture), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-03-13: 960 shares withheld for taxes @ $288.93 (F) — $277,373
  • 2026-03-13: 1,869 restricted shares forfeited @ $0.00 (D) — $0
  • 2026-03-17: 4,683 shares sold on open market @ $293.39 (S) — $1,373,945
• Total shares surrendered/forfeited: 2,829 (960 withheld + 1,869 forfeited)
• Total sale proceeds: $1,373,945
• Footnotes:
  • F1: tax withholding via share withholding incident to vesting (Rule 16b-3).
  • F2: restricted stock forfeited due to the company not meeting performance targets under its Long Term Equity Incentive Program.
• Shares owned after the transactions: not specified in the provided filing summary.
• Filing: Form 4 filed March 17, 2026 reporting transactions dated March 13–17, 2026 (no late-filing flag noted in the summary).

Context

• The largest item here is an open-market sale (S) that generated roughly $1.37M in proceeds. The withheld shares (F) were to cover tax liabilities from vesting, and the forfeiture (D) reflects performance-based award cancellations — both are administrative/plan-driven events rather than discretionary purchases or gifts. Sales by executives can be routine (taxes, diversification, planned selling) and do not by themselves prove a change in company outlook.