Heywood Suzanne 4
Research Summary
AI-generated summary
Clarivate (CLVT) Director Suzanne Heywood Receives Award, Sells Shares
What Happened
Suzanne Heywood, a director of Clarivate plc, had 19,690 shares withheld to cover taxes (disposed) on May 13, 2026 at $2.44 per share for proceeds of $48,044, and on May 14, 2026 she was granted 62,264 restricted share units (RSUs) (acquired at $0.00). The withholding is a routine tax-withdrawal tied to equity compensation; the grant is an annual non-employee director RSU award.
Key Details
- Transactions:
- May 13, 2026 — 19,690 shares withheld for taxes (code F) at $2.44, proceeds $48,044.
- May 14, 2026 — 62,264 RSUs granted (code A) at $0.00 (no cash purchase).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 = shares withheld for taxes; F2 = annual non-employee director RSU award under the 2019 Incentive Award Plan.
- Filing/timeliness: Form 4 filed May 15, 2026 for transactions on May 13–14, 2026 — appears timely under the SEC two-business-day rule.
Context
The May 14 entry is a granted RSU award (director compensation), not an open-market purchase; the May 13 disposition reflects tax withholding (company retained shares to satisfy tax liability), not necessarily a market sale for investment reasons. These types of transactions are common for directors and do not by themselves indicate a change in insider sentiment.