Alan S. McKim, who serves as Executive Chairman and CTO of Clean Harbors Inc, disclosed a significant stock disposal on February 19, 2026. According to a Form 4 filing with the Securities and Exchange Commission, McKim sold 100,000 shares of Clean Harbors common stock at $281.14 per share, producing proceeds of $28,114,000. The filing also shows that McKim made a charitable gift of 10,000 shares on the same date.
Post-transaction ownership reported in the filing indicates McKim directly holds 34,027 shares of Clean Harbors. Indirect holdings include 2,265,368 shares held through the McKim 2007 Trust and 67,093 shares held through the McKim 2025 Annuity Trust.
The insider sale occurred while Clean Harbors shares were trading at $280.85, close to a reported 52-week high of $288.81 as shown in InvestingPro data. The stock has returned 21% year-to-date, and InvestingPro’s metrics list a trailing price-to-earnings ratio of 38.44. The platform additionally references 13 supplementary ProTips and other comprehensive metrics available to subscribers.
Corporate developments coincided with the disclosure. Clean Harbors announced an agreement to acquire Depot Connect International’s Industrial Services and Rail Services business for approximately $130 million. That asset purchase spans five locations across Ohio, Louisiana and Texas, and is expected to close in the first half of 2026 subject to customary closing conditions.
Operational results released for the fourth quarter of 2025 showed Clean Harbors exceeded consensus expectations for both revenue and adjusted EBITDA, with the company recording its strongest quarterly revenue growth of the year. Management’s reported fiscal year 2026 guidance and capital allocation initiatives were noted by at least one analyst firm in subsequent coverage.
Following the combination of the quarter’s results and the announced acquisition, a number of analyst firms adjusted their price targets upward. Needham raised its target to $308 citing a strong quarter, TD Cowen lifted its target to $320 pointing to merger and acquisition potential, Oppenheimer set a $300 target while highlighting the company’s positive fiscal 2026 guidance and capital allocation steps, and BMO Capital raised its target to $310 emphasizing improved demand and operational execution.
The filing detailing McKim’s sale provides a clear record of an insider disposition and charitable transfer. The disclosure comes amid positive operating results and strategic activity at Clean Harbors, as reflected in recent analyst target changes and the company’s stated acquisition plans.