Form 4: Clarivate PLC Director Andrew Snyder Reports Share Acquisition and Tax Withholding

Director Andrew Snyder acquired shares in Clarivate PLC in lieu of a cash retainer and had shares withheld for taxes, according to a Form 4 filing.

Summary

• Andrew Snyder, a director of Clarivate PLC, reported a transaction on March 31, 2024, involving the acquisition and disposal of ordinary shares.
• Snyder acquired 6,897 shares in lieu of a $51,250 cash retainer for board services, with the share price calculated at $7.43 on March 28, 2024.
• 1,380 shares were withheld for taxes at a price of $7.43 per share.
• Following these transactions, Snyder directly owns 65,016 ordinary shares.
• Snyder also indirectly owns shares through Cambridge Information Group Inc. and its subsidiaries.
• A power of attorney was granted to Jonathan Collins, Melanie D. Margolin, John Doulamis and Todd Downey to act on Snyder's behalf for SEC filings.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing routine transactions. It doesn't inherently convey positive or negative sentiment.

Positives

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

Negatives

• The withholding of shares for taxes reduces the director's overall holdings, although this is a standard practice.

Risks

• There are no specific risks highlighted in this document, which is a standard SEC filing for changes in beneficial ownership.

Industry Context

This is a routine filing related to insider transactions, common for publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting requirements are governed by Section 16 of the Securities Exchange Act of 1934.
• Similar filings are made by directors and officers of companies like RELX Group and Wolters Kluwer, which are also major players in the information and analytics industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to director compensation and tax obligations.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates