Form 4: Clarivate PLC: CEO Jonathan Gear Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Jonathan Gear, CEO of Clarivate PLC, disposed of 38,188 ordinary shares to cover tax obligations arising from the vesting of restricted share units.
Summary
- On March 1, 2024, Jonathan Gear, the CEO of Clarivate PLC, disposed of 38,188 ordinary shares.
- The transaction was executed to cover tax obligations related to the vesting of restricted share units.
- The shares were disposed of at a price of $7.14 per share.
- Following the transaction, Gear directly owns 547,403 ordinary shares of Clarivate PLC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This type of transaction, where shares are disposed of to cover tax obligations upon vesting of restricted stock units, is a common practice among corporate executives.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Jonathan Gear disposed of 38,188 ordinary shares. |
| 03/05/2024 | Date of signature on the SEC Form 4 filing. |
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