Form 4: Clarivate PLC Executive Jonathan Collins Reports Share Transfers and Tax Withholdings

Executive Vice President/CFO Jonathan Mark Collins reports a transfer of shares due to a divorce settlement and shares withheld for taxes upon vesting of restricted share units.

Summary

• Jonathan Mark Collins, Executive Vice President/CFO of Clarivate PLC, filed a Form 4 detailing changes in beneficial ownership.
• On December 6, 2023, 78,731 ordinary shares were transferred to Collins' former spouse as part of a divorce settlement for no consideration.
• On March 1, 2024, 56,016 ordinary shares were withheld for taxes due upon the vesting of restricted share units at a price of $7.14.
• Following these transactions, Collins directly owns 252,879 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for investor confidence and regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages often include restricted share units that vest over time, and the subsequent tax implications are a common occurrence.
• Share transfers due to divorce settlements are personal matters and do not reflect the company's performance or outlook.
• Comparing Collins' holdings and transactions to those of executives at similar companies like RELX or Wolters Kluwer would provide a broader context, but this information is not available in the document.

Stakeholder Impact

• The share transfer to the former spouse has no direct impact on shareholders.
• The tax withholding impacts Collins' personal finances but is a standard part of executive compensation.

Key Dates