Form 4: Clarivate PLC Director Bomba Jane L Okun Reports Changes in Beneficial Ownership

Director Bomba Jane L Okun reports acquisition and disposal of Clarivate PLC ordinary shares related to director compensation and tax withholding.

Summary

• On September 30, 2024, Director Bomba Jane L Okun acquired 4,049 ordinary shares of Clarivate PLC as a quarterly award in lieu of a $28,750 cash retainer.
• The shares were granted pursuant to the Clarivate Plc 2019 Incentive Award Plan, with the number of shares calculated based on a price of $7.10 per share.
• On the same day, 116 shares were disposed of to cover taxes.
• Following these transactions, Okun directly owns 157,286 ordinary shares of Clarivate PLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard compensation practices and tax obligations. There is no indication of significant positive or negative news.

Positives

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

Industry Context

This filing is a routine disclosure related to director compensation and share ownership, common among publicly traded companies. It provides transparency into the alignment of director interests with those of shareholders.

Comparison to Industry Standards

• Director compensation through equity awards is a common practice among publicly listed companies to align the interests of directors with those of shareholders.
• The Clarivate PLC 2019 Incentive Award Plan is similar to equity compensation plans offered by companies like RELX Group and Wolters Kluwer, which also operate in the information and analytics sector.
• The value of the equity award is comparable to those of directors in similar-sized companies within the same industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates