secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001764046-21-000182
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404621000182/0001764046-21-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404621000182/clvt-20211210.htm
  HTML page:      https://secwatch.observer/filing/0001764046-21-000182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer