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Director at Clarivate (NYSE: CLVT) gets 62,264-share award and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Clarivate plc director Kenneth L. Cornick reported equity compensation and related tax withholding transactions. On May 14, he received an annual non-employee director award of 62,264 restricted share units representing Ordinary Shares under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan, increasing his direct holdings to 102,038 Ordinary Shares.

On May 13, 5,990 Ordinary Shares were withheld at $2.44 per share to cover tax obligations, leaving 39,774 Ordinary Shares directly held after that transaction. Separately, Cornick Family Investor, LLC, which is controlled by Mr. Cornick and his spouse, holds 1,100,000 Ordinary Shares as an indirect position.

Positive

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Negative

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Insider Cornick Kenneth L.
Role null
Type Security Shares Price Value
Grant/Award Ordinary Shares 62,264 $0.00 --
Tax Withholding Ordinary Shares 5,990 $2.44 $15K
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 102,038 shares (Direct, null); Ordinary Shares — 1,100,000 shares (Indirect, Cornick Family Investor, LLC)
Footnotes (1)
  1. Represents shares withheld for taxes. Annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan. 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.
Director RSU award 62,264 units Annual non-employee director award of restricted share units on May 14
Tax-withheld shares 5,990 shares Shares withheld for taxes on May 13
Tax-withholding price $2.44 per share Price used for tax-withholding disposition on May 13
Direct holdings after award 102,038 shares Ordinary Shares directly held following May 14 RSU award
Direct holdings after withholding 39,774 shares Ordinary Shares directly held after May 13 tax withholding
Indirect LLC holdings 1,100,000 shares Ordinary Shares held by Cornick Family Investor, LLC
restricted share units financial
"Annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan."
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Clarivate Plc Amended and Restated 2019 Incentive Award Plan financial
"restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan."
non-employee director award financial
"Annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan."
Cornick Family Investor, LLC financial
"Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cornick Kenneth L.
(Last)(First)(Middle)
C/O CLARIVATE PLC
70 ST. MARY AXE
(Street)
LONDONEC3A 8BE
(City)(State)(Zip)
UNITED KINGDOM
(Country)		2. Issuer Name and Ticker or Trading Symbol
CLARIVATE PLC [ CLVT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares05/13/2026F5,990(1)D$2.4439,774D
Ordinary Shares05/14/2026A62,264(2)A$0102,038D
Ordinary Shares1,100,000ICornick Family Investor, LLC(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld for taxes.
2. Annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan.
3. 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.
Remarks:
/s/ John Doulamis, Attorney-in-Fact05/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Clarivate (CLVT) director Kenneth L. Cornick receive in this Form 4 filing?

Kenneth L. Cornick received an annual non-employee director award of 62,264 restricted share units representing Ordinary Shares. The award was granted under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan, and increased his directly held Ordinary Shares to 102,038.

How many Clarivate (CLVT) shares were withheld for Kenneth L. Cornick’s taxes?

The filing shows 5,990 Ordinary Shares were withheld to cover tax obligations at a price of $2.44 per share. After this tax-withholding disposition, Cornick directly held 39,774 Ordinary Shares before the subsequent director equity award.

Is the tax-withholding in the Clarivate (CLVT) Form 4 an open-market sale?

No. The Form 4 describes the 5,990-share disposition as shares withheld for taxes at $2.44 per share. This is a tax-withholding transaction, not an open-market sale, and typically reflects automatic settlement of tax liabilities on equity awards.

What are Kenneth L. Cornick’s direct and indirect Clarivate (CLVT) holdings after these transactions?

After the reported transactions, Cornick directly holds 102,038 Ordinary Shares. Indirectly, Cornick Family Investor, LLC, which he and his spouse control, holds an additional 1,100,000 Ordinary Shares, giving him substantial exposure through both direct and LLC-held positions.

Who controls the Clarivate (CLVT) shares held by Cornick Family Investor, LLC?

The filing states that Cornick Family Investor, LLC is controlled by Kenneth L. Cornick and his spouse as its managers. They have dispositive and voting control over the 1,100,000 Ordinary Shares held by the LLC, reflecting an indirect ownership position.