Form 4: Clarivate PLC Director Michael J. Angelakis Reports Changes in Beneficial Ownership

Director Michael J. Angelakis reports changes in beneficial ownership of Clarivate PLC shares, including the acquisition of restricted share units and shares withheld to satisfy taxes.

Summary

• On May 6, 2024, Director Michael J. Angelakis had 2,206 ordinary shares withheld to satisfy taxes at a price of $7.05.
• On May 7, 2024, Mr. Angelakis acquired 23,741 ordinary shares as part of a non-employee director award.
• These shares were granted pursuant to the Clarivate Plc 2019 Incentive Award Plan and will vest 100% on the date immediately preceding the Company's next Annual General Meeting of Shareholders.
• Following these transactions, Mr. Angelakis directly owns 56,094 ordinary shares and indirectly owns 12,259,847 ordinary shares through A-PQ Holdings.
• Mr. Angelakis disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The grant of restricted share units to a director aligns their interests with those of the shareholders.
• The vesting of these units before the next Annual General Meeting encourages continued service and commitment.

Future Outlook

The restricted share units will vest 100% on the date immediately preceding the Company's next Annual General Meeting of Shareholders.

Management Comments

• Mr. Angelakis disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of restricted share units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Next Steps

• The restricted share units will vest before the next Annual General Meeting of Shareholders.

Key Dates