Cornick Kenneth L. 4
Research Summary
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Clarivate (CLVT) Director Kenneth Cornick Receives RSU Award, Sells Shares for Taxes
What Happened
- Kenneth L. Cornick, a director of Clarivate Plc (CLVT), received an annual award of 62,264 restricted share units (RSUs) on May 14, 2026 (grant reported at $0.00). On May 13, 2026, 5,990 shares were disposed/withheld to cover taxes at $2.44 per share for a reported tax withholding value of $14,616.
- The RSU grant is an award (not an open-market purchase), and the 5,990-share disposition was a tax withholding (routine, not a market sale for cash proceeds).
Key Details
- Transaction dates & prices: May 13, 2026 — 5,990 shares withheld at $2.44/share (tax withholding = $14,616); May 14, 2026 — 62,264 RSUs granted at $0.00.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: F1 indicates the 5,990 shares were withheld for taxes; F2 states the 62,264 RSUs are the annual non-employee director award under the company’s 2019 Incentive Award Plan; F3 notes Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse (they have dispositive and voting control over shares held by the LLC).
- Filing timeliness: Report period covers May 13, 2026 and the form was filed May 15, 2026 — appears to have been filed promptly.
Context
- This is primarily an equity award to a non-employee director (a common compensation practice) with a contemporaneous tax-withholding disposition; it is not an open-market purchase or a voluntary cash sale.