Clarivate director granted 62,264 share units
Clarivate plc director Kenneth L. Cornick reported equity compensation and related tax withholding transactions.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 62,264 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 5,990 | $2.44 | $15K |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (3)
- F1. Represents shares withheld for taxes.
- F2. Annual non-employee director award of restricted share units granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan.
- F3. 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.
Key Figures
Key Terms
tax-withholding disposition financial
Clarivate Plc Amended and Restated 2019 Incentive Award Plan financial
non-employee director award financial
Cornick Family Investor, LLC financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Clarivate (CLVT) director Kenneth L. Cornick receive in this Form 4 filing?
Is the tax-withholding in the Clarivate (CLVT) Form 4 an open-market sale?
What are Kenneth L. Cornick’s direct and indirect Clarivate (CLVT) holdings after these transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.