Form 4: Clarivate Director Jane Bomba Acquires Shares in Lieu of Cash Compensation

Clarivate PLC Director Jane L. Okun Bomba acquired 6,686 ordinary shares on June 30, 2025, as part of her quarterly compensation, with 306 shares withheld for taxes.

Summary

• Clarivate PLC Director Jane L. Okun Bomba acquired 6,686 ordinary shares of CLVT on June 30, 2025.
• These shares were awarded in lieu of a $28,750 cash retainer for her services on the Board of Directors, pursuant to the Clarivate Plc 2019 Incentive Award Plan.
• The number of shares was calculated by dividing the cash retainer by the closing share price of $4.30 on June 30, 2025.
• Concurrently, 306 shares were withheld to cover tax obligations.
• Following these transactions, Jane L. Okun Bomba directly owns 213,670 ordinary shares.
• An additional 49,750 ordinary shares are indirectly owned through the Jane Okun Bomba Trust U/A DTD 12/20/2018.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director is increasing their equity stake in the company by electing shares over cash, which generally signals confidence. The transaction itself is routine compensation.

Positives

• Director Jane L. Okun Bomba elected to receive equity (6,686 shares) instead of a cash retainer, which can signal confidence in Clarivate PLC's future performance and aligns her interests with shareholders.
• The transaction is part of a pre-existing and approved incentive award plan (Clarivate Plc 2019 Incentive Award Plan), indicating a structured and transparent compensation approach.

Negatives

• 306 shares were withheld for taxes, which is a standard procedure for equity compensation and reduces the net shares acquired, but is not inherently negative.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing beyond the details of the reported transaction.

Industry Context

Director compensation often includes a mix of cash and equity. The election to receive shares in lieu of cash is a common practice among directors, aligning their interests with shareholders. This specific transaction reflects a standard compensation mechanism within the information services industry, where Clarivate operates.

Comparison to Industry Standards

• The practice of directors electing to receive equity in lieu of cash compensation is a common corporate governance practice across various industries, including information services, as it aligns director incentives with shareholder value creation.
• The use of a pre-approved incentive award plan (Clarivate Plc 2019 Incentive Award Plan) for equity grants is standard for publicly traded companies.
• The withholding of shares for tax purposes is a routine and legally compliant method for managing tax obligations arising from equity compensation.

Related Party Transactions

• The acquisition of shares by Director Jane L. Okun Bomba in lieu of a cash retainer constitutes a related party transaction, as it involves compensation from the issuer to a member of its board.

Stakeholder Impact

• Shareholders: May view the director's election to receive shares as a positive signal of alignment between management and shareholder interests, potentially boosting confidence.

Key Dates

Keywords

Clarivate PLC, CLVT, SEC Form 4, Insider Transaction, Director Compensation, Share Acquisition, Equity Award, Board of Directors, Stock Compensation, Jane L. Okun Bomba