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Clarivate (CLVT) director takes $28,750 board retainer in stock award

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

Rhea-AI Filing Summary

Clarivate director Kenneth L. Cornick received a quarterly stock award for board service, with part withheld to cover taxes. He was granted 11,363 ordinary shares on March 31, 2026 at $2.53 per share, in lieu of a $28,750 cash retainer under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan.

Of this grant, 2,273 shares were withheld to satisfy tax obligations, leaving a net share increase. Following these transactions, Cornick directly owns 45,764 ordinary shares and indirectly holds 1,100,000 ordinary shares through Cornick Family Investor, LLC, which he and his spouse control with dispositive and voting authority.

Positive

  • None.

Negative

  • None.
Insider Cornick Kenneth L.
Role Director
Type Security Shares Price Value
Grant/Award Ordinary Shares 11,363 $2.53 $29K
Tax Withholding Ordinary Shares 2,273 $2.53 $6K
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 48,037 shares (Direct); Ordinary Shares — 1,100,000 shares (Indirect, Cornick Family Investor, LLC)
Footnotes (1)
  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 $2.53, the closing price of the issuer's ordinary shares on March 31, 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.
Quarterly board retainer $28,750 Cash amount elected to be taken in shares
Shares granted 11,363 shares Ordinary shares awarded March 31, 2026
Grant valuation price $2.53 per share Closing price on March 31, 2026 used to calculate award
Shares withheld for taxes 2,273 shares Withheld to satisfy tax obligations on the award
Direct holdings after grant 45,764 shares Ordinary shares directly owned after transactions
Indirect holdings via LLC 1,100,000 shares Ordinary shares held by Cornick Family Investor, LLC
tax withholding financial
"Represents shares withheld for taxes."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
in lieu of cash retainer financial
"Quarterly award of shares elected in lieu of cash retainer of $28,750"
Incentive Award Plan financial
"granted pursuant to the Clarivate Plc Amended and Restated 2019 Incentive Award Plan"
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
dispositive control and voting control financial
"Mr. Cornick and his spouse... have dispositive control and voting control over the shares"
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)
03/31/2026		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 Shares03/31/2026A11,363(1)A$2.5348,037D
Ordinary Shares03/31/2026F2,273(2)D$2.5345,764D
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. 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 $2.53, the closing price of the issuer's ordinary shares on March 31, 2026.
2. Represents shares withheld for taxes.
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-Fact04/02/2026
** 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 report on this Form 4?

Kenneth L. Cornick reported a quarterly stock award for his board service. He received 11,363 Clarivate ordinary shares at $2.53 per share, with some shares withheld to cover taxes, reflecting routine director compensation rather than an open-market stock purchase or sale.

How many Clarivate (CLVT) shares did Kenneth L. Cornick receive and at what value?

He received 11,363 ordinary shares valued using a $2.53 closing price, equating to a $28,750 cash retainer. The award was granted under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan as compensation for serving on the Board of Directors.

Were any Clarivate (CLVT) shares sold by Kenneth L. Cornick in this filing?

No open-market sale occurred; 2,273 shares were withheld for taxes. This tax-withholding disposition is a standard mechanism to satisfy tax liabilities on share awards and does not represent a discretionary decision to sell shares in the market.

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

After the reported transactions, he directly owns 45,764 ordinary shares. In addition, he indirectly holds 1,100,000 ordinary shares through Cornick Family Investor, LLC, which he and his spouse manage and control with voting and dispositive authority over those shares.

Why did Kenneth L. Cornick receive Clarivate (CLVT) shares instead of cash?

He elected to receive his $28,750 quarterly board retainer in Clarivate ordinary shares instead of cash. The company calculated 11,363 shares by dividing the cash retainer by the $2.53 closing price on March 31, 2026, aligning director pay with equity ownership.