Form 4: Clarivate Director Kenneth Cornick Reports Stock Activity

Director Kenneth Cornick acquired 62,264 restricted share units and disposed of 5,990 shares for tax withholding purposes.

Summary

• Director Kenneth L. Cornick received an annual non-employee director award of 62,264 restricted share units on May 14, 2026.
• On May 13, 2026, 5,990 shares were withheld by the company to satisfy tax obligations at a price of $2.44 per share.
• Following these transactions, Mr. Cornick directly owns 102,038 ordinary shares.
• Mr. Cornick maintains indirect ownership of 1,100,000 shares through Cornick Family Investor, LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting routine director equity compensation and tax compliance.

Positives

• Director maintains a significant long-term stake in the company, totaling over 1.2 million shares combined.

Negatives

• The disposal of 5,990 shares was required to cover tax liabilities associated with equity vesting.

Risks

• The value of the director's holdings is subject to market volatility in Clarivate Plc's share price.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a standard disclosure of director equity transactions.

Industry Context

StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the information services and analytics sector.

Comparison to Industry Standards

• The use of restricted share units (RSUs) for director compensation is consistent with standard equity incentive plans for publicly traded companies.
• Tax withholding upon the vesting of equity awards is a standard administrative procedure for executive and director compensation.

Related Party Transactions

• The reporting person maintains control over Cornick Family Investor, LLC, which holds 1,100,000 shares.

Stakeholder Impact

• Minimal impact on stakeholders as these transactions are related to standard director compensation and tax obligations.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Clarivate, CLVT, Insider Trading, Form 4, Director Compensation, Equity Ownership