Form 4: Clarivate CIO's Planned Share Withholding for Tax
Insider Transaction Report
Clarivate PLC's EVP and Chief Information Officer, William E. Graff, reported a planned withholding of 23,525 ordinary shares for tax obligations related to restricted share unit vesting.
Summary
- William E. Graff, EVP and Chief Information Officer of Clarivate PLC (CLVT), filed a Form 4 reporting a transaction.
- The transaction involves the disposition of 23,525 ordinary shares at a price of $4.26 per share.
- This disposition is a non-discretionary transaction, specifically shares withheld for taxes due upon the vesting of restricted share units.
- The transaction is planned for August 13, 2025, and is being made pursuant to a Rule 10b5-1(c) plan.
- Following this planned transaction, William E. Graff will beneficially own 615,146 ordinary shares directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction for tax withholding related to executive compensation. This is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The filing indicates a planned future transaction on August 13, 2025, related to the vesting of restricted share units and subsequent tax withholding, consistent with a pre-arranged Rule 10b5-1 plan.
Industry Context
This type of transaction, involving the withholding of shares for tax purposes upon the vesting of restricted share units, is a common and routine event for executives receiving equity compensation across various industries. It reflects a standard mechanism for managing tax liabilities associated with equity awards.
Stakeholder Impact
- This routine transaction has minimal direct impact on shareholders, as it is a standard part of executive equity compensation and tax management. It does not reflect a discretionary sale or purchase by the insider.
Key Dates
| Date | Description |
|---|---|
| 08/13/2025 | Date of planned transaction (shares withheld for taxes upon RSU vesting). |
| 08/15/2025 | Date the Form 4 was signed and filed. |
Keywords
Clarivate, CLVT, SEC Form 4, Insider Transaction, Share Withholding, Executive Compensation, Restricted Share Units, Tax Obligation, Rule 10b5-1 Plan
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