Form 4: Clarivate PLC Director Andrew Snyder Reports Share Transactions

Director Andrew Snyder reports acquisition and disposal of Clarivate PLC ordinary shares, including shares withheld for taxes and an annual non-employee director award.

Summary

• On May 6, 2024, Andrew Snyder disposed of 4,411 ordinary shares of Clarivate PLC to cover taxes at a price of $7.05 per share.
• On May 7, 2024, Snyder acquired 23,741 ordinary shares as an annual non-employee director award with a value of $0.
• Following these transactions, Snyder directly owns 60,605 ordinary shares.
• Snyder also indirectly owns shares through various Cambridge Information Group entities.
• 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document primarily reports transactions related to tax obligations and director compensation, which are standard corporate activities.

Positives

• Snyder's acquisition of 23,741 shares as a director award indicates continued alignment with the company's success.

Management Comments

• Andrew M. Snyder disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Directors' share transactions are common and closely monitored as they can reflect management's view of the company's prospects.

Comparison to Industry Standards

• Director share transactions are a normal part of corporate governance.
• Companies like RELX and Wolters Kluwer also have directors who regularly report share transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect tax obligations and director compensation.

Key Dates