Company: CLH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000822818-25-000011
Chunk: 40

Company: CLEAN HARBORS INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 40
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 metrics. For the Co-CEOs and Mr. McKim, the performance factors are: 50% at threshold, 100% at target, and 150% at maximum, except for TRIR which does not pay out under target. As such, should all components pay out at threshold, the performance factor would be 40% for the Co-CEOs and Mr. McKim. For the remaining NEOs, the performance factors are: 40% at threshold, 100% at target, and 140% at maximum, except for TRIR which does not pay out under target. As such, should all components pay out at threshold, the performance factor would be 32% for the other NEOs.

For amounts in between the threshold and target or target and maximum, the performance factor is based on a predetermined linear scale. As described in the Role of the C&HC Committee above, over the course of the year, the C&HC Committee determines whether any adjustments are appropriate in consideration of extraordinary events such as a major acquisition or divestiture, or a change in GAAP. For 2024, the results have been adjusted to account for the acquisition of Noble and Hepaco, both of which occurred after the 2024 Annual MIP targets were approved. Please see Reconciliation of Actual Results for Annual Incentive Performance Measures in Appendix B for more information of such adjustments.

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The table below summarizes the achievement for the Annual MIP Bonus for 2024 which the C&HC Committee approved on March 7, 2025, and the actual earned bonuses subsequently paid out to the NEOs (amounts in thousands, except percentages and TRIR):

| Metric                      |     | 2024 Results |     | Co-CEO/ McKim Performance Factor |     | NEO Performance Factor |
| Revenue ($)                 |     |      5,551.8 |     | 19.5%                            |     | 19.5%                  |
| Adjusted EBITDA ($)         |     |      1,090.0 |     | 39.0%                            |     | 39.0%                  |
| Adjusted Free Cash Flow ($) |     |        393.5 |     | 22.2%                            |     | 21.7%                  |
| TRIR (Safety)               |     |         0.61 |     | 30.0%                            |     | 28