Form 4: Clarivate Director Cornick Reports Share Transactions

Clarivate Plc director Kenneth L. Cornick reported transactions involving ordinary shares, including a quarterly award and tax withholdings.

Summary

• Kenneth L. Cornick, a Director at Clarivate Plc, reported a transaction on March 31, 2026.
• He acquired 11,363 ordinary shares valued at $2.53 per share, totaling $28,750, as a quarterly award in lieu of cash retainer for his board services.
• This award was granted under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan.
• Additionally, 2,273 shares were withheld for taxes.
• Following these transactions, Mr. Cornick beneficially owns 45,764 shares directly.
• He also indirectly beneficially owns 1,100,000 shares through Cornick Family Investor, LLC, which he and his spouse control.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents routine compensation and tax-related share adjustments for a director, rather than a significant strategic event or change in ownership sentiment.

Positives

• Director Cornick received a quarterly share award, indicating continued compensation and alignment with the company's performance.
• The share award was granted under an existing incentive plan, suggesting established compensation structures.
• Mr. Cornick's indirect beneficial ownership of 1,100,000 shares through Cornick Family Investor, LLC shows significant long-term commitment.

Negatives

• 2,273 shares were withheld for taxes, representing a reduction in the net shares received by the director.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which details past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and provide transparency into how company insiders are managing their holdings. The use of share awards for director compensation is a common practice across the technology and business services sectors.

Related Party Transactions

• The award of shares to Director Cornick in lieu of cash retainer is a related party transaction, as it involves compensation to a director.

Stakeholder Impact

• Shareholders: The transaction provides transparency into director compensation and ownership, which is a standard aspect of corporate governance.
• Employees: The filing does not directly impact employees but reflects the company's compensation practices for its board.
• Management: The filing confirms the compensation structure for directors, including the use of equity awards.

Key Dates

Keywords

Clarivate Plc, CLVT, Form 4, Insider Trading, Share Transaction, Director Compensation, Beneficial Ownership, Incentive Award Plan