13,310-share award for Clarivate (CLVT) director, 2,662 withheld for tax
Rhea-AI Filing Summary
Clarivate director Kenneth L. Cornick reported compensation-related share activity and updated holdings. He received a quarterly award of 13,310 Ordinary Shares, elected in lieu of a $28,750 cash retainer for his Board service, calculated at a share price of $2.16. On the same date, 2,662 shares were withheld to cover tax obligations, a non-market disposition. After these entries, he holds 115,348 Ordinary Shares directly. Separately, 1,100,000 Ordinary Shares are held indirectly through Cornick Family Investor, LLC, which is controlled by Mr. Cornick and his spouse.
Positive
- None.
Negative
- None.
Insights
Board compensation in stock and tax withholding drive routine position update.
Kenneth L. Cornick, a director of Clarivate, elected to take his quarterly Board retainer as equity, receiving 13,310 Ordinary Shares valued using a $2.16 share price. This is standard non-cash director compensation under the company’s 2019 Incentive Award Plan.
To cover related tax obligations, 2,662 shares were withheld, a coded F disposition that does not represent an open-market sale. Following these entries, he holds 115,348 shares directly and 1,100,000 shares indirectly through Cornick Family Investor, LLC, which he and his spouse control.
Because the filing shows compensation and tax mechanics rather than discretionary buying or selling, it is best viewed as an administrative update to Cornick’s ownership rather than a directional signal on Clarivate’s prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 13,310 | $2.16 | $29K |
| Tax Withholding | Ordinary Shares | 2,662 | $2.16 | $6K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Quarterly award of shares elected in lieu of cash retainer of $28,750 for services as a member of the Board of Directors and granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan. The number of shares was calculated by dividing the cash retainer by $2.16, the closing price of the issuer's ordinary shares on June 30, 2026. Represents shares withheld for taxes. Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse, its managers, who have dispositive control and voting control over the shares held by Cornick Family Investor, LLC.