Company: CLH
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000822818-25-000011
Chunk: 32

Company: CLEAN HARBORS INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 32
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 his compensation. The total potential compensation for the remaining NEOs for 2024 was, on average, more than 70% at risk.

The portion of total compensation which is at risk consists of:

i. Annual cash incentives at target, the value of which is determined and earned only if the predetermined Company or individual goals set by the C&HC Committee are achieved,

ii. performance-based restricted shares at target that are earned and become eligible to vest only if certain predetermined objective Company goals set by the C&HC Committee are achieved, and

iii. time-vesting shares with vesting dependent upon continued employment of the recipient over the vesting period and whose ultimate value to the employee is dependent upon the performance of the Company’s common stock price.

The portion of total compensation which is not at risk consists of base salaries that are generally competitive with those offered by other companies with which the Company competes for executive talent.

The charts below depict the target compensation mix for both the Co-CEOs and the average of the other NEOs (excluding Mr. McKim in 2024) using total compensation as described above:

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In establishing the goals for performance-based cash bonuses and performance-based restricted share awards, which are discussed further in Compensation Philosophy and Objectives , the C&HC Committee has set those goals at levels the C&HC Committee believes are sufficiently difficult to achieve in order to provide a significant incentive for participants to drive the Company’s performance. The C&HC Committee has also obtained advice concerning the structuring of the Company’s executive compensation plans from Meridian Compensation Partners, an independent compensation consulting firm specializing in the development and implementation of executive compensation systems.

Pursuant to its commitment to pay-for-performance and good corporate governance, the C&HC Committee has implemented the following compensation related practices as in effect for 2024:

This CD&A addresses the Company and individual performance goals for the NEOs. Those goals are disclosed in the limited context of the Company’s executive compensation programs and investors should not interpret them as statements of the Company’s expectations or as any form of guidance.

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#### 2024 Performance Overview
During 2024, the Company delivered solid results on many key financial and non-financial metrics all while integrating two businesses, both acquired in March 2024, and finalizing the construction and the commercial launch of the new incinerator in Kimball, Nebraska, which began accepting waste in December 2024. Key financial highlights for