Form 4: Clarivate PLC Executive Henry Levy Disposes of Shares to Cover Tax Obligations

Henry Levy, President of LS&H at Clarivate PLC, disposed of 39,788 ordinary shares on May 1, 2024, to cover tax obligations arising from the vesting of restricted share units.

Summary

• On May 1, 2024, Henry Levy, President, LS&H of Clarivate PLC, disposed of 39,788 ordinary shares.
• The transaction was executed to cover tax obligations related to the vesting of restricted share units.
• The shares were disposed of at a price of $6.94 per share.
• Following the transaction, Levy directly owns 425,042 ordinary shares of Clarivate PLC.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in executive sentiment and ownership.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time.
• It is common for executives to sell a portion of their shares upon vesting to cover the associated tax liabilities.
• The amount of shares sold for tax obligations is typical for RSU vesting events.
• Other companies such as RELX and Wolters Kluwer also have executives who regularly report similar transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The transaction does not directly affect employees, customers, suppliers, or creditors.

Key Dates