Form 4: Clarivate PLC Director Valeria Alberola Reports Share Transactions
SEC Form 4 Filing
Director Valeria Alberola reports acquisition and disposal of Clarivate PLC shares, including shares withheld for taxes and an annual non-employee director award of restricted share units.
Summary
- On May 6, 2024, Valeria Alberola disposed of 2,647 ordinary shares at a price of $7.05 per share to cover taxes.
- On May 7, 2024, Valeria Alberola acquired 23,741 ordinary shares as an annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc 2019 Incentive Award Plan.
- Following these transactions, Alberola directly owns 57,727 ordinary shares.
- Alberola has a Power of Attorney appointing Jonathan Collins, Melanie D. Margolin, John Doulamis and Todd Downey as her attorneys-in-fact for SEC filings.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard compensation practices. The acquisition of shares as part of a director award suggests confidence in the company's future.
Positives
- The acquisition of 23,741 shares indicates continued alignment of the director's interests with the company's performance.
Industry Context
Directors' share transactions are routinely monitored as indicators of their confidence in the company's prospects and alignment with shareholder interests. Awards of restricted share units are a common form of executive compensation.
Comparison to Industry Standards
- Director compensation packages, including restricted share units, are common across publicly traded companies.
- The size of the award is typical for non-employee directors in companies of similar size and industry to Clarivate PLC.
- Companies like RELX Group and Thomson Reuters, which operate in similar information and analytics markets, also utilize equity-based compensation for their directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard director compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of Power of Attorney execution. |
| 05/06/2024 | Disposal of 2,647 ordinary shares for taxes. |
| 05/07/2024 | Acquisition of 23,741 ordinary shares as director award. |
| 05/08/2024 | Date of signature for the Form 4 filing. |
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