Clarivate (CLVT) CFO receives large share grant and shifts holdings in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clarivate plc Executive Vice President and CFO Jonathan Mark Collins reported several non-market changes in his CLVT shareholdings. He received a grant or award of 471,698 Ordinary Shares, boosting his equity-based compensation. On the same date, 43,987 shares were withheld at $2.5700 per share to cover taxes due upon the vesting of restricted share units, which is an administrative disposition rather than an open-market sale.
Separately, pursuant to a divorce settlement, 35,741 shares were transferred for no consideration to his former spouse, and he no longer reports beneficial ownership of those shares. After these transactions, Collins directly holds 1,145,554 Ordinary Shares of Clarivate.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Collins Jonathan Mark
Role
Executive Vice President/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 35,741 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 471,698 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 43,987 | $2.57 | $113K |
Holdings After Transaction:
Ordinary Shares — 1,145,554 shares (Direct)
Footnotes (1)
- Represents shares withheld for taxes due upon the vesting of restricted share units. Pursuant to a divorce settlement, 35,741 shares were transferred for no consideration to the Reporting Person's former spouse. For purposes of Section 16, the Reporting Person no longer reports that he is the beneficial owner of any shares owned by his former spouse.
FAQ
What did Clarivate (CLVT) CFO Jonathan Mark Collins report in this Form 4?
He reported a grant of 471,698 Ordinary Shares, tax withholding of 43,987 shares tied to restricted share unit vesting, and a transfer of 35,741 shares to his former spouse under a divorce settlement, leaving him with 1,145,554 directly held shares.
Was the Clarivate (CLVT) CFO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows no open-market sale. Shares were granted as compensation, some were withheld to satisfy tax obligations on restricted share unit vesting, and additional shares were transferred for no consideration to his former spouse per a divorce settlement.