Clarivate CFO Richard Hanks to depart July 1, 2022; separation agreement includes $1.65M cash and accelerated vesting

CLARIVATE PLC

Cash payments of $1,650,000 payable in six quarterly installments; lump sum COBRA reimbursement ~$36,500.
Accelerated vesting of 22,923 unvested RSUs; prorated 2022 bonus of $275,000.
Vested stock option exercisability extended to December 31, 2024.
Mr. Hanks agreed to post-termination non-compete and non-solicitation covenants.

item 5.02 item 9.01

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Departed

Richard Hanks

Chief Financial Officer

CLVT · CLARIVATE PLC

Effective: 2022-07-01
Filed: December 13, 2021, 6:59 PM ET

On December 10, 2021, the Company entered into a separation agreement with Richard Hanks, Chief Financial Officer. Mr. Hanks will be departing the Company effective July 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Hanks departed as Chief Financial Officer at CLARIVATE PLC.

Action: departing
Role: Chief Financial Officer

Exact text from the filing

On December 10, 2021, the Company entered into a separation agreement with Richard Hanks, Chief Financial Officer. Mr. Hanks will be departing the Company effective July 1, 2022.

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CLARIVATE PLC filing history →

Source: SEC EDGAR

accession 0001764046-21-000182

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