Cornick Kenneth L. 4

What Happened

• Kenneth L. Cornick, a director of Clarivate Plc, was granted 13,310 ordinary shares on June 30, 2026 as a quarterly election in lieu of a cash board retainer. The grant was calculated using the closing price of $2.16, giving a gross value of $28,750.
• Simultaneously, 2,662 shares were withheld to satisfy tax obligations (valued at $5,750), resulting in a net issuance of 10,648 shares to Mr. Cornick. This transaction is an award (code A) with a tax-withholding disposition (code F) — routine director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (appears timely for the usual 2-business-day Form 4 deadline).
• Price used: $2.16 per share (closing price on 6/30/2026).
• Shares granted: 13,310 (gross value $28,750); shares withheld for taxes: 2,662 (value $5,750); net shares added: 10,648.
• Plan: Clarivate Plc Amended and Restated 2019 Incentive Award Plan (award elected in lieu of cash retainer).
• Footnote: Cornick Family Investor, LLC is controlled by Mr. Cornick and his spouse and holds shares over which they have voting and dispositive control (per filing).
• Filing shows routine compensation treatment (award + tax withholding); no late-report flag noted in the provided filing.

Context

• This was a shares-for-retainer award — a common way directors receive compensation. The withholding of shares to cover taxes is standard and does not represent a market sale decision by the director.
• Such awards are generally considered routine compensation rather than a direct signal of insider bullishness or bearishness.