Clarivate (NYSE: CLVT) president gets share award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clarivate plc president Henry Levy reported two equity transactions involving ordinary shares. He acquired 36,847 shares at no cost through the settlement of performance share units granted in 2023 that vested after the performance condition was achieved and certified. In a separate move the same day, 18,115 shares were disposed of to cover tax liabilities associated with this vesting, based on a share value of $1.78. Following these transactions, Levy directly owned 698,652 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Levy Henry
Role
President, LS&H
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 36,847 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 18,115 | $1.78 | $32K |
Holdings After Transaction:
Ordinary Shares — 716,767 shares (Direct)
Footnotes (1)
- Shares issued in settlement of performance share units granted in 2023 which vested upon the achievement and certification of the performance condition. Represents shares withheld by the Issuer for payment of tax liability incident to the vesting of a performance share unit award.
FAQ
What insider transactions did Clarivate (CLVT) executive Henry Levy report?
Henry Levy reported receiving 36,847 Clarivate ordinary shares via a vested performance share unit award and a separate disposition of 18,115 shares withheld to satisfy tax liabilities tied to that vesting, leaving him with 698,652 directly owned shares.
What type of equity award did Henry Levy receive from Clarivate (CLVT)?
Henry Levy received shares through a performance share unit award granted in 2023. The award vested once Clarivate’s performance condition was achieved and certified, triggering the issuance of 36,847 ordinary shares in settlement of those units.