Bomba Jane L Okun 4
Research Summary
AI-generated summary
Clarivate (CLVT) Director Jane L. Okun Receives Stock Award
What Happened
Jane L. Okun, a member of Clarivate Plc’s Board of Directors, was granted 13,310 ordinary shares on June 30, 2026 as a quarterly award elected in lieu of a $28,750 cash retainer. The grant price used to calculate the share count was $2.16 (closing price on June 30, 2026). To satisfy tax withholding, 386 shares were withheld (reported as a disposition) with a reported value of $834.
Key Details
- Transaction dates and prices: Grant and withholding both dated 2026-06-30; grant calculated at $2.16/share.
- Grant: 13,310 shares acquired (value $28,750).
- Tax withholding: 386 shares disposed/withheld (value $834).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — award was the quarterly board retainer elected in stock, calculated by dividing the $28,750 retainer by the $2.16 closing price; F2 — 386 shares withheld to cover taxes.
- Filing: Form 4 filed July 2, 2026 (reported two days after the transaction date).
Context
This was a routine director compensation transaction (award in lieu of cash retainer), not an open-market purchase or sale driven by trading intent. The award (code A) increases insider ownership, while the F-code disposition simply reflects shares withheld to satisfy tax obligations. Routine grants like this are common for board members and do not by themselves indicate management trading sentiment.