Shem Tov Matitiahu S. 4
Research Summary
AI-generated summary
Clarivate CEO Shem Tov Receives Award; Sells Shares for Taxes
What Happened
- Shem Tov Matitiahu S., CEO of Clarivate plc (CLVT), received an award of 1,132,075 shares on 2026-03-15 (reported on Form 4 filed 2026-03-17). The award was recorded at $0 (typical for vested restricted share units).
- To cover tax withholding related to the vesting, 125,471 shares were disposed (withheld) on 2026-03-15 at $2.57 per share, for a reported value of $322,460. This is a routine tax-withholding transaction, not an open-market sell decision.
Key Details
- Transaction date(s): 2026-03-15; Form 4 filed: 2026-03-17 (timely reporting).
- Award: 1,132,075 shares @ $0.00 (code A = award/grant).
- Tax withholding/Disposition: 125,471 shares @ $2.57, total value $322,460 (code F = tax withholding; footnote F1: shares withheld for taxes upon RSU vesting).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: reported two days after the transaction date (appears timely).
Context
- This filing reflects the vesting of restricted share units (award) and the routine withholding of shares to satisfy tax liability. The withheld shares were disposed solely for tax withholding and do not necessarily indicate a voluntary sale or change in insider sentiment.
- Purchases tend to signal stronger insider conviction; this report is primarily a grant/vesting event with a standard tax-withholding disposition.