CLVT.NYSEClarivate PLC

Form 4: Clarivate PLC Director Richard Roedel Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing


Director Richard Roedel reports acquisition of shares in lieu of cash retainer and shares withheld for taxes.

Summary

  • Richard Roedel, a director of Clarivate PLC, reported changes in beneficial ownership of ordinary shares.
  • On June 30, 2024, Roedel acquired 5,400 shares at $5.69 per share as a quarterly award in lieu of a cash retainer.
  • On the same date, 243 shares were disposed of for taxes at $5.69 per share.
  • Following these transactions, Roedel directly owns 98,416 ordinary shares.
  • Roedel also indirectly owns 4,090 shares through a Profit Sharing Plan and 39,395 shares through The Richard W. Roedel Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of share transactions by a director. The acquisition of shares in lieu of cash can be seen as a slightly positive sign, but the tax withholding is a neutral event.

Positives

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

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

  • The disclosure provides transparency to shareholders regarding the transactions of a company director.

Key Dates

DateDescription
06/28/2024Closing price of issuer's ordinary shares ($5.69) used to calculate the number of shares awarded.
06/30/2024Date of the transactions: acquisition of shares in lieu of cash retainer and shares withheld for taxes.
07/02/2024Date of signature for the report.

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