Form 4: Clarivate Director Snyder Boosts Stake with Share Award

Clarivate PLC Director Andrew Snyder received 15,344 ordinary shares as quarterly compensation, increasing his direct beneficial ownership.

Summary

• Andrew Snyder, a Director of Clarivate PLC, acquired 15,344 ordinary shares on December 31, 2025.
• These shares were awarded in lieu of a $51,250 cash retainer for his Board services, pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan.
• The number of shares was calculated using a closing price of $3.34 per share on December 31, 2025.
• 479 shares were subsequently disposed of to cover tax obligations.
• Following these transactions, Mr. Snyder directly beneficially owns 192,316 ordinary shares.
• He also indirectly beneficially owns 8,821,984 shares through Cambridge Information Group Inc., 2,247,510 shares through Cambridge Information Group I LLC, 10,489,466 shares through Cambridge Information Group II LLC, 4,033,271 shares through Cambridge Information Group III LLC, 3,417 shares through CSA GP Corporation, and 238,500 shares through the Snyder 2011 Family Trust, disclaiming beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as a director elected to receive equity compensation, indicating confidence in the company's stock. However, it's a routine compensation event rather than a discretionary open-market purchase, limiting its strong positive signal.

Positives

• Director Andrew Snyder elected to receive shares instead of a cash retainer for his quarterly Board services, indicating confidence in Clarivate PLC's equity.
• The acquisition of 15,344 ordinary shares increases his direct beneficial ownership in the company, aligning his interests further with shareholders.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing (Form 4) for a director receiving equity compensation. It does not provide broader industry context or competitive analysis.

Corporate Governance

Related Party Transactions

• 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 held by these entities 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 held by the trust except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: The director's election to receive shares instead of cash for compensation aligns his interests more closely with shareholders, potentially signaling confidence in the company's long-term value.
• Board of Directors: The compensation structure for directors, including the option for equity in lieu of cash, is part of the overall governance and incentive framework.

Key Dates

Recommendation

This Form 4 filing details a routine equity compensation award to a director, rather than a discretionary open-market purchase or sale. While the director's election to receive shares instead of cash can be seen as a minor positive signal of confidence, it does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals and market conditions.

Keywords

Clarivate PLC, CLVT, Andrew Snyder, Director, Insider Transaction, Form 4, Share Award, Equity Compensation, Beneficial Ownership