Cornick Kenneth L. 4

What Happened

• Kenneth L. Cornick, a director of Clarivate Plc (CLVT), was granted 11,363 ordinary shares on 2026-03-31 as an election of his quarterly cash retainer. The shares were valued at $2.53 each, totaling $28,748. Separately, 2,273 shares (valued at $2.53 each, ~$5,751) were withheld to cover tax liabilities, resulting in a net 9,090 shares issued to him or his controlled entity.

Key Details

• Transaction date and price: 2026-03-31 at $2.53 per share.
• Grant: 11,363 shares (code A — award/acquisition) — $28,748 gross.
• Tax withholding: 2,273 shares withheld (code F — shares withheld for taxes) — ~$5,751.
• Net shares received: 9,090 shares (11,363 granted minus 2,273 withheld).
• Grant purpose: Quarterly director retainer elected in lieu of cash, granted under the Clarivate Plc Amended and Restated 2019 Incentive Award Plan (per footnote).
• Beneficial ownership note: Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse and has dispositive and voting control over shares held by that entity (per footnote).
• Filing timeliness: Reported on 2026-04-02 for a 2026-03-31 transaction — appears timely (filed within the standard Form 4 reporting window).

Context

• This was a compensation award (director retainer paid in shares), not an open-market purchase or sale; such awards are routine forms of director pay and do not necessarily signal personal bullish or bearish trading intent.
• The tax-withholding (F) is a common administrative step where a portion of awarded shares are retained to satisfy tax obligations, sometimes described as a "net settlement."