Share-based Compensation

9 Months Ended

Sep. 30, 2022

Share-based Payment Arrangement [Abstract]

The Company grants share-based awards under the Clarivate Plc 2019 Incentive Award Plan ("the "Plan"). As of September 30, 2022, approximately 31.2 million shares of the Company’s ordinary shares were available for share-based awards. The Plan provides for the issuance of stock options, restricted stock units ("RSUs") and performance share units ("PSUs"). Share-based compensation expense is recorded to the “Cost of revenues" and “Selling, general and administrative” line items on the accompanying Condensed Consolidated Statements of Operations. Total share-based compensation expense for the three and nine months ended September 30, 2022, and 2021 comprised of the following:


	Three Months Ended September 30, 2022
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	—	$	4.5	$	—	$	(0.3)	$	4.2
Selling, general and administrative costs	0.3		13.7		1.1		0.2		15.3
Total share-based compensation expense	$	0.3	$	18.2	$	1.1	$	(0.1)	$	19.5

	Nine Months Ended September 30, 2022
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	—	$	21.9	$	0.2	$	3.3	$	25.4
Selling, general and administrative costs	0.3		42.9		3.0		6.9		53.1
Total share-based compensation expense	$	0.3	$	64.8	$	3.2	$	10.2	$	78.5


	Three Months Ended September 30, 2021
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	—	$	3.9	$	0.1	$	(0.4)	$	3.6
Selling, general and administrative costs	—		7.0		1.0		(1.0)		7.0
Total share-based compensation expense	$	—	$	10.9	$	1.1	$	(1.4)	$	10.6

	Nine Months Ended September 30, 2021
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	0.1	$	12.1	$	0.4	$	21.9	$	34.5
Selling, general and administrative costs	0.4		22.1		3.4		47.4		73.3
Total share-based compensation expense	$	0.5	$	34.2	$	3.8	$	69.3	$	107.8

The following table summarizes the Company’s existing share-based compensation awards program activity for the nine months ended September 30, 2022, and 2021, respectively (in millions):


	Nine Months Ended September 30, 2022
	Stock Options		RSUs		PSUs
Balance at December 31, 2021	4.8		4.5		1.4
Granted	—		9.9		1.2
Exercised/Vested	(0.3)		(2.5)		—
Forfeited/Unexercised	(0.1)		(0.6)		(0.3)
Balance at September 30, 2022	4.4		11.3		2.3

Total remaining unamortized compensation costs	$	—	$	111.5	$	7.9

Weighted average remaining service period	0 years		1.34 years		1.66 years


	Nine Months Ended September 30, 2021
	Stock Options		RSUs		PSUs
Balance at December 31, 2020	7.8		1.8		0.9
Granted	—		2.9		0.5
Vested	(2.7)		(0.6)		—
Forfeited	—		(0.4)		(0.1)
Balance at September 30, 2021	5.1		3.7		1.3

Total remaining unamortized compensation costs	$	—	$	50.5	$	8.8

Weighted average remaining service period	0 years		1.20 years		1.81 years