Clean Harbors Inc. DEF 14A Filing
Ticker: CLH · Form: DEF 14A · Filed: 2024-04-10T00:00:00.000Z
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
| Name | Title | Total Compensation |
|---|---|---|
| Alan S. McKim | PEO | 3,620,475 |
| Michael L. Battles | Co-PEO | 9,168,758 |
| Eric W. Gerstenberg | Co-PEO | 10,246,152 |
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.
From the Filing
0000822818-24-000015.txt : 20240410 0000822818-24-000015.hdr.sgml : 20240410 20240410144043 ACCESSION NUMBER: 0000822818-24-000015 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 33 CONFORMED PERIOD OF REPORT: 20240522 FILED AS OF DATE: 20240410 DATE AS OF CHANGE: 20240410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEAN HARBORS INC CENTRAL INDEX KEY: 0000822818 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 042997780 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34223 FILM NUMBER: 24835368 BUSINESS ADDRESS: STREET 1: 42 LONGWATER DRIVE STREET 2: P.O. BOX 9149 CITY: NORWELL STATE: MA ZIP: 02061-9149 BUSINESS PHONE: 781-792-5000 MAIL ADDRESS: STREET 1: 42 LONGWATER DRIVE CITY: NORWELL STATE: MA ZIP: 02061-9149 DEF 14A 1 clh-20240410.htm DEF 14A clh-20240410 CLEAN HARBORS, INC. 0000822818 DEF 14A false 9)    CAP is calculated in accordance with the Item 402(v) of Regulation S-K. Reconciliations of Summary Compensation Table data to CAP for fiscal 2023, 2022, 2021, and 2020 for the PEOs and the Non-PEO NEOs are included in the table below: PEO (Alan S. McKim) Year 2023 2022 2021 2020 Summary Compensation Table Total Compensation $ 2,296,564  $ 6,241,356  $ 5,612,724  $ 3,828,532  Less: Grant Date Fair Value of Stock Awards (from Summary Compensation Table) —  1,199,998  1,293,846  1,406,079  Add: Change in Fair Value of Awards Granted During Year and Outstanding and Unvested as of Year-End —  1,492,575  1,384,608  1,835,380  Change in Fair Value of Prior Year Awards Unvested as of Year-End 1,134,728  159,314  150,020  (218,891) Change in Fair Value of Prior Year Awards that Vested During Year 189,183  79,802  747,590  (377,776) Total Additions to Compensation Actually Paid 1,323,911  1,731,691  2,282,218  1,238,713  Compensation Actually Paid $ 3,620,475  $ 6,773,049  $ 6,601,096  $ 3,661,166  Co-PEO (Michael L. Battles) Year 2023 2022 2021 2020 Summary Compensation Table Total Compensation $ 4,917,312  $ —  $ —  $ —  Less: Grant Date Fair Value of Stock Awards (from Summary Compensation Table) 2,931,746  —  —  —  Add: Change in Fair Value of Awards Granted During Year and Outstanding and Unvested as of Year-End 5,086,269  —  —  —  Change in Fair Value of Prior Year Awards Unvested as of Year-End 1,250,254  —  —  —  Change in Fair Value of Prior Year Awards that Vested During Year 846,669  —  —  —  Total Additions to Compensation Actually Paid 7,183,192  —  —  —  Compensation Actually Paid $ 9,168,758  $ —  $ —  $ —  Co-PEO (Eric W. Gerstenberg) Year 2023 2022 2021 2020 Summary Compensation Table Total Compensation $ 4,938,543  $ —  $ —  $ —  Less: Grant Date Fair Value of Stock Awards (from Summary Compensation Table) 2,931,746  —  —  —  Add: Change in Fair Value of Awards Granted During Year and Outstanding and Unvested as of Year-End 5,086,268  —  —  —  Change in Fair Value of Prior Year Awards Unvested as of Year-End 1,792,496  —  —  —  Change in Fair Value of Prior Year Awards that Vested During Year 1,360,591  —  —  —  Total Additions to Compensation Actually Paid 8,239,355  —  —  —  Compensation Actually Paid $ 10,246,152  $ —  $ —  $ —  9)    CAP is c