Sundar PichaiSundar Pichai earned $164M in 2023

Eric W. Gerstenberg is the Chief Operating Officer of Clean Harbors, Inc., a position he has held since January 2015. He has been with the company for more than three decades, starting as an employee in the Field Operations team...

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Eric W. Gerstenberg

CEO of Clean Harbors

Education

BS in Engineering from Syracuse University

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1970 - 55 years ago

CEO of Clean Harbors for

2 years 0 months (Mar 2023 - Present)

Previous Experience

Chief Operating Officer at Clean Harbors

Holdings

See how much did Eric W. Gerstenberg make over time.

Eric W. Gerstenberg has seen major fluctuations in his holdings over the years. In 2019, his holdings were around $5.7 million, which increased steadily to reach a peak of approximately $10.21 million in March 2022. After that, there were fluctuations...

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Total Stock Sold

$17.69M

CLH

$17.69M

180,471 CLH shares

What if they kept their stock?

If Eric W. Gerstenberg didn't sell their stock, today they would have:
Extra CLH180,471 shares worth $9.06M.
This is -48.78% and $8.63M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Eric W. Gerstenberg.

CLH

16,384 shares

CLH

Feb 1, 2025

Received

CLH

$1.52M

CLH at $250.42/share

Nov 15, 2024

Sale

CLH

$2.87M

CLH at $187.71/share

Mar 15, 2024

Sale

CLH

18,856 shares

CLH

Feb 1, 2024

Received

CLH

$1.32M

CLH at $164.82/share

Nov 22, 2023

Sale

CLH

$1.60M

CLH at $164.43/share

Jul 3, 2023

Sale

CLH

$64.94K

CLH at $133.07/share

Mar 15, 2023

Sale

CLH

29,146 shares

CLH

Feb 1, 2023

Received

CLH

$1.90M

CLH at $116.02/share

Dec 21, 2022

Sale

CLH

$738.56K

CLH at $106.62/share

Mar 25, 2022

Sale

Compensation History

See how much did Eric W. Gerstenberg make over time.

In 2023, Eric W. Gerstenberg received a total compensation of approximately $4,938,543. His salary was set at $831,250, but the bulk of his pay came from a cash bonus totaling $1,168,875 for achieving company performance goals. Additionally, he received value from 22,450 Restricted Stock Units (RSUs) worth around $3,917,750, which will vest over five years provided he continues with the company. His compensation plan emphasizes a pay-for-performance philosophy where at least 70% of his total potential earnings is variable and linked to Clean Harbors’ success in terms of revenue and profitability. This structure ensures that his interests align closely with those of the company and its shareholders, creating a strong incentive for driving results.

Year

2023

Total Compensation

$5.92M

Salary

$831.25K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the Company's performance and shareholder interests, with at least 70% of total potential compensation being at risk.

Bonus

$1.17M

Board Justification

The bonus is based on the achievement of performance goals established for the year 2023, with a payout of approximately 58% of the maximum potential cash bonus target opportunity due to the Company's performance.

Other

$6.67K

Board Justification

Other compensation includes matching 401(k) Plan contributions, Company contributions to health savings plans, and group term life insurance benefits.

Restricted Stock

$3.92M(22.45K RSU)

Board Justification

The time-vesting shares granted on February 1, 2023, vest in equal proportions over five years beginning on February 1, 2024, subject to continued employment.

Performance Metrics

The performance metrics for determining the compensation include revenue, Adjusted EBITDA, Adjusted Free Cash Flow, and total recordable incident rate (TRIR).

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