Form 4: Clarivate PLC Director Andrew Snyder Reports Changes in Beneficial Ownership

Andrew Snyder, a director at Clarivate PLC, reported the acquisition and disposal of ordinary shares due to a quarterly award and tax withholding on September 30, 2024.

Summary

• On September 30, 2024, Andrew Snyder, a director of Clarivate PLC, reported changes in his beneficial ownership of the company's ordinary shares.
• He acquired 7,218 shares as a quarterly award in lieu of a $51,250 cash retainer for his services as a board member.
• These shares were granted under the Clarivate Plc 2019 Incentive Award Plan, with the number of shares calculated based on a closing price of $7.10 per share.
• Additionally, 1,444 shares were disposed of to cover taxes.
• Following these transactions, Snyder directly owns 97,326 ordinary shares.
• Snyder also has indirect ownership through various entities including Cambridge Information Group Inc. and related LLCs, as well as the Snyder 2011 Family Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to director compensation and tax obligations, with no strong positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Negatives

• The disposal of shares for tax purposes is a neutral event and doesn't necessarily indicate a negative outlook.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding changes in ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates