Clean Harbors Inc. DEF 14A Filing

Ticker: CLH · Form: DEF 14A · Filed: Apr 10, 2024 · CIK: 822818

Clean Harbors Inc DEF 14A Filing Summary
FieldDetail
CompanyClean Harbors Inc (CLH)
Form TypeDEF 14A
Filed DateApr 10, 2024
Risk Levelmedium
Pages16
Reading Time19 min
Key Dollar Amounts$0.01, $120,000, $1 million, $500,000
Sentimentneutral

Sentiment: neutral

Topics: executive compensation, DEF 14A, Clean Harbors, proxy statement, Regulation S-K

TL;DR

<b>Clean Harbors Inc. discloses executive compensation details, including significant Compensation Actually Paid for Co-PEOs in 2023.</b>

AI Summary

CLEAN HARBORS INC (CLH) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. Compensation Actually Paid (CAP) for PEO Alan S. McKim in 2023 was $3,620,475, a decrease from $6,773,049 in 2022. Co-PEO Michael L. Battles had Compensation Actually Paid of $9,168,758 in 2023. Co-PEO Eric W. Gerstenberg had Compensation Actually Paid of $10,246,152 in 2023. The filing details the calculation of Compensation Actually Paid (CAP) in accordance with Regulation S-K. Reconciliations of Summary Compensation Table data to CAP for fiscal years 2020-2023 are provided for PEOs and Non-PEO NEOs.

Why It Matters

For investors and stakeholders tracking CLEAN HARBORS INC, this filing contains several important signals. This filing provides transparency into executive compensation practices, allowing shareholders to assess pay relative to company performance and industry standards. Understanding the components and calculations of 'Compensation Actually Paid' is crucial for proxy voting and evaluating the alignment of executive incentives with shareholder interests.

Risk Assessment

Risk Level: medium — CLEAN HARBORS INC shows moderate risk based on this filing. The filing is a DEF 14A, which is a routine proxy statement. While it contains detailed compensation data, it does not present new financial performance or strategic shifts that would indicate immediate high risk.

Analyst Insight

Shareholders should review the detailed compensation breakdowns and reconciliations to understand executive pay structures and vote accordingly on executive compensation proposals.

Executive Compensation

NameTitleTotal Compensation
Alan S. McKimPEO3,620,475
Michael L. BattlesCo-PEO9,168,758
Eric W. GerstenbergCo-PEO10,246,152

Key Numbers

  • 3,620,475 — Compensation Actually Paid (PEO) (Fiscal Year 2023 for Alan S. McKim)
  • 6,773,049 — Compensation Actually Paid (PEO) (Fiscal Year 2022 for Alan S. McKim)
  • 9,168,758 — Compensation Actually Paid (Co-PEO) (Fiscal Year 2023 for Michael L. Battles)
  • 10,246,152 — Compensation Actually Paid (Co-PEO) (Fiscal Year 2023 for Eric W. Gerstenberg)
  • 2023 — Fiscal Year (Primary year for compensation data presented)
  • 2022 — Fiscal Year (Comparative year for compensation data)
  • 4955 — SIC Code (Hazardous Waste Management)
  • 001-34223 — SEC File Number (Clean Harbors Inc.)

Key Players & Entities

  • CLEAN HARBORS INC (company) — FILER
  • Alan S. McKim (person) — PEO
  • Michael L. Battles (person) — Co-PEO
  • Eric W. Gerstenberg (person) — Co-PEO
  • Regulation S-K (regulator) — calculation standard
  • 20240410 (date) — FILED AS OF DATE
  • 20240522 (date) — CONFORMED PERIOD OF REPORT
  • $3,620,475 (dollar_amount) — Compensation Actually Paid for PEO Alan S. McKim in 2023

FAQ

When did CLEAN HARBORS INC file this DEF 14A?

CLEAN HARBORS INC filed this Proxy Statement (DEF 14A) with the SEC on April 10, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CLEAN HARBORS INC (CLH).

Where can I read the original DEF 14A filing from CLEAN HARBORS INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CLEAN HARBORS INC.

What are the key takeaways from CLEAN HARBORS INC's DEF 14A?

CLEAN HARBORS INC filed this DEF 14A on April 10, 2024. Key takeaways: Compensation Actually Paid (CAP) for PEO Alan S. McKim in 2023 was $3,620,475, a decrease from $6,773,049 in 2022.. Co-PEO Michael L. Battles had Compensation Actually Paid of $9,168,758 in 2023.. Co-PEO Eric W. Gerstenberg had Compensation Actually Paid of $10,246,152 in 2023..

Is CLEAN HARBORS INC a risky investment based on this filing?

Based on this DEF 14A, CLEAN HARBORS INC presents a moderate-risk profile. The filing is a DEF 14A, which is a routine proxy statement. While it contains detailed compensation data, it does not present new financial performance or strategic shifts that would indicate immediate high risk.

What should investors do after reading CLEAN HARBORS INC's DEF 14A?

Shareholders should review the detailed compensation breakdowns and reconciliations to understand executive pay structures and vote accordingly on executive compensation proposals. The overall sentiment from this filing is neutral.

Filing Stats: 4,739 words · 19 min read · ~16 pages · Grade level 15.7 · Accepted 2024-04-10 14:40:43

Key Financial Figures

  • $0.01 — rnished to the holders of common stock, $0.01 par value ("common stock"), of Clean Ha
  • $120,000 — within the last three years, more than $120,000 in direct compensation from the Company
  • $1 million — ee fiscal years, exceeds the greater of $1 million or 2% of such other company's consolida
  • $500,000 — single fiscal year are less than 1% or $500,000, whichever is less, of that charitable

Filing Documents

EXECUTIVE COMPENSATION TABLES 36

EXECUTIVE COMPENSATION TABLES 36 2023 Summary Compensation Table 36 BOARD OF DIRECTORS OVERVIEW 2 Grants of Plan-Based Awards 37 Board Leadership Structure 2 Outstanding Equity Awards at Fiscal Year-End 38 Corporate Governance Guidelines, Committee Option Exercises and Stock Vested 40 Charters and Code of Ethics 3 Potential Payments Upon Termination or Change Director Independence 3 of Control 41 Limitation on Other Board Services 4 CEO Pay Ratio Information 42 Board Committees 5 Audit Committee 5 PAY VERSUS PERFORMANCE 43 Compensation and Human Capital Committee 6 Corporate Governance and Sustainability APPROVAL OF CLEAN HARBORS Committee 7 EMPLOYEE STOCK PURCHASE PLAN 48 Environmental, Health and Safety Key Features of the Plan 48 Committee 7 Administration 48 Ad Hoc Cyber Committee 8 Non-U.S. Sub-Plans 49 Compensation Committee Interlocks and Eligibility 49 Insider Participation 8 Offering Periods 49 Communications to the Independent Directors 8 Payroll Deductions 50 Board Oversight of Risk Management 8 Purchase Price 50 Commitment to the Environment and Purchase of Shares 50 Sustainability 8 Transferability 50 Executive Succession Planning 9 Withdrawals 50 No Political Contributions 9 Termination of Employment 51 Change in Control 51 ELECTION OF DIRECTORS 9 Effective Date; Amendment and Termination Board Matrix 10 of Plan 51 Board Nomination Process 11 U.S. Federal Income Tax Information 51 Current Directors and Nominees 12 New Plan Benefits 52 Registration with the SEC 52 DIRECTOR COMPENSATION 17 RATIFICATION OF SELECTION OF EXECUTIVE OFFICERS 18 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 53 RELATED PARTY TRANSACTIONS 20 Selection of the Company's Independent Registered Public Accountant 53 ADVISORY VOTE ON EXECUTIVE Audit and Related Fees 53 COMPENSATION 21 Audit Committee Report 54 COMPENSATION DISCUSSION AND SECURITY OWNERSHIP OF CERTAIN ANALYSIS 23 BENEFICIAL OW

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