Form 4: Clarivate Director Cornick Trades Shares

Clarivate PLC Director Kenneth L. Cornick reported transactions involving ordinary shares, including an award and tax withholdings.

Summary

• Kenneth L. Cornick, a Director at Clarivate PLC, engaged in transactions involving the company's ordinary shares on June 30, 2026.
• He received a quarterly award of 13,310 ordinary shares, elected in lieu of a cash retainer of $28,750 for his services on the Board of Directors.
• The number of shares awarded was determined by dividing the cash retainer by the closing share price of $2.16 on June 30, 2026.
• Additionally, 2,662 ordinary shares were disposed of, representing shares withheld for taxes.
• Following these transactions, Mr. Cornick beneficially owns 112,686 shares directly.
• He also has indirect beneficial ownership of 1,100,000 ordinary shares through Cornick Family Investor, LLC, which he and his spouse control.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider transactions related to director compensation and tax obligations, with no immediate indication of significant positive or negative company performance.

Positives

• Director Cornick received a share award as part of his compensation, aligning his interests with shareholders.
• The share award is granted under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan, indicating a structured compensation framework.
• Mr. Cornick maintains significant indirect beneficial ownership through Cornick Family Investor, LLC, suggesting continued commitment to the company.

Negatives

• 2,662 shares were disposed of for tax withholding, representing a reduction in directly held shares.

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 this filing is a standard Form 4 disclosure, reflecting typical compensation practices for directors in publicly traded companies, particularly the use of equity awards and tax withholding mechanisms.

Related Party Transactions

• Director Kenneth L. Cornick received a share award in lieu of cash retainer for his services as a Board member.

Stakeholder Impact

• Shareholders: The transactions reflect standard director compensation practices and do not immediately suggest a change in the company's strategic direction or financial health.

Key Dates

Keywords

Clarivate PLC, CLVT, Form 4, Insider Trading, Director Compensation, Share Award, Tax Withholding, Beneficial Ownership