Form 4: Clarivate PLC Director Richard Roedel Reports Share Transactions

Director Richard Roedel reports acquisition and disposal of Clarivate PLC shares, including tax withholding and an annual non-employee director award.

Summary

• On May 6, 2024, Director Richard Roedel disposed of 992 ordinary shares of Clarivate PLC to cover taxes at a price of $7.05 per share.
• On May 7, 2024, Roedel acquired 23,741 ordinary shares as part of an annual non-employee director award under the Clarivate Plc 2019 Incentive Award Plan.
• Following these transactions, Roedel directly owns 93,259 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: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and insider ownership, which can be seen as a positive sign of alignment with shareholder interests. There are no indications of negative events or concerns.

Positives

• The acquisition of 23,741 shares as part of the annual non-employee director award demonstrates continued alignment of director interests with the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and share ownership, common among publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units (RSUs) as a way to align executive incentives with shareholder value.
• The Clarivate PLC 2019 Incentive Award Plan is likely structured similarly to those of comparable companies in the information services industry, such as RELX Group or Thomson Reuters, which also utilize equity-based compensation.
• The tax withholding transaction is a standard practice when RSUs vest, and the number of shares withheld is typical based on prevailing tax rates.

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting standard executive compensation practices.
• Employees participating in the Profit Sharing Plan may see slight changes in their holdings due to Roedel's transactions.

Key Dates