Form 4: Clarivate Director Receives Share Award

Andrew Snyder, a Director at Clarivate PLC, received a quarterly award of ordinary shares valued at $51,250, elected in lieu of a cash retainer.

Summary

• Andrew Snyder, a Director of Clarivate PLC, was granted 23,726 ordinary shares on June 30, 2026, as a quarterly award in lieu of a cash retainer for his services.
• The value of the shares awarded was based on the closing price of $2.16 per share on June 30, 2026, totaling $51,250.
• Additionally, 1,513 shares were withheld for tax purposes.
• Following these transactions, Snyder's direct beneficial ownership of Clarivate shares is 292,916.
• Indirect beneficial ownership is held through various Cambridge Information Group entities and the Snyder 2011 Family Trust, with Snyder disclaiming beneficial ownership beyond his pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard director compensation transaction without indicating significant positive or negative developments for the company.

Positives

• Director Andrew Snyder received a share award, indicating continued engagement and compensation for services.
• The award was elected in lieu of cash, potentially signaling a preference for equity ownership and alignment with the company's performance.

Negatives

• 1,513 shares were withheld for tax purposes, reducing the net number of shares received by the reporting person.

Risks

• The filing does not explicitly mention any new risks. However, indirect beneficial ownership through multiple entities and a family trust introduces complexity in tracking ultimate beneficial ownership and potential conflicts of interest.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports on a past transaction.

Management Comments

• Andrew M. Snyder is the Chief Executive Officer of and a shareholder in Cambridge Information Group Inc. ("CIG"), which acts as manager of Cambridge Information Group I LLC, Cambridge Information Group II LLC and Cambridge Information Group III LLC. CSA GP Corporation is a wholly owned subsidiary of CIG. Mr. Snyder disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
• Andrew M. Snyder serves as a trustee and is one of the beneficiaries of the Snyder 2011 Family Trust. Mr. Snyder disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

StockSavvy.ai notes that the use of equity awards in lieu of cash retainers for directors is a common practice in the technology and information services sector, aligning director compensation with shareholder interests and potentially conserving company cash.

Related Party Transactions

• The filing details indirect beneficial ownership through Cambridge Information Group Inc., Cambridge Information Group I LLC, Cambridge Information Group II LLC, Cambridge Information Group III LLC, CSA GP Corporation, and the Snyder 2011 Family Trust, where Andrew Snyder has a pecuniary interest.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices and does not immediately suggest a significant impact on shareholder value, though it does increase equity dilution slightly.
• Employees: No direct impact on employees is indicated by this filing.
• Management: The filing confirms the compensation structure for a key member of the board.

Next Steps

• Continued service by Andrew Snyder as a Director of Clarivate PLC.
• Potential future awards or transactions related to beneficial ownership will be reported on subsequent SEC filings.

Key Dates

Keywords

Clarivate PLC, CLVT, Form 4, Insider Trading, Beneficial Ownership, Director Compensation, Share Award, Andrew Snyder, Cambridge Information Group