CLEAN HARBORS INC·4

Mar 17, 3:07 PM ET

Battles Michael Louis 4

Research Summary

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Updated

Clean Harbors (CLH) Co-CEO Michael Battles Withholds, Forfeits Shares

What Happened

  • Michael L. Battles, Co-CEO and Director of Clean Harbors, disposed of a total of 3,314 shares on 2026-03-13. He had 1,148 shares withheld to satisfy tax liabilities at $288.93 per share (value ~$331,692) and 2,166 restricted shares were forfeited to the issuer at $0.00 after performance targets were not achieved. These were not open-market sales.

Key Details

  • Transaction date: 2026-03-13; filing date: 2026-03-17 (filed timely).
  • Withholding: 1,148 shares @ $288.93 = $331,692 (code F — tax withholding incident to vesting under Rule 16b-3).
  • Forfeiture: 2,166 shares @ $0.00 = $0 (disposition to issuer; restricted stock forfeited for unmet performance targets).
  • Shares owned after transaction: Not specified in this Form 4 filing.
  • Notable footnotes: F1 = tax withholding by surrendering shares; F2 = forfeiture due to Long Term Equity Incentive Program performance targets; F3 notes 15 shares acquired under the Clean Harbors Employee Stock Purchase Plan (ESPP).

Context

  • These transactions represent internal adjustments (tax withholding and forfeiture of unearned awards), not open-market buying or selling, and therefore do not necessarily indicate a change in the insider’s view of the company. No exercise-for-cash sale or 10b5-1 plan is indicated.