Share-based Compensation

6 Months Ended

Jun. 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 June 30, 2022, approximately 36.3 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 six months ended June 30, 2022, and 2021 comprised of the following:


	Three Months Ended June 30, 2022
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	—	$	7.5	$	0.1	$	(0.2)	$	7.4
Selling, general and administrative costs	—		12.6		0.9		0.8		14.3
Total share-based compensation expense	$	—	$	20.1	$	1.0	$	0.6	$	21.7

	Six Months Ended June 30, 2022
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	—	$	17.1	$	0.3	$	(0.6)	$	16.8
Selling, general and administrative costs	—		28.8		1.9		0.9		31.6
Total share-based compensation expense	$	—	$	45.9	$	2.2	$	0.3	$	48.4


	Three Months Ended June 30, 2021
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	0.1	$	4.4	$	0.2	$	13.1	$	17.8
Selling, general and administrative costs	0.4		9.6		1.2		29.2		40.4
Total share-based compensation expense	$	0.5	$	14.0	$	1.4	$	42.3	$	58.2

	Six months ended June 30, 2021
	Stock Options		RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	0.1	$	8.2	$	0.3	$	22.2	$	30.8
Selling, general and administrative costs	0.4		15.2		2.4		48.4		66.4
Total share-based compensation expense	$	0.5	$	23.4	$	2.7	$	70.6	$	97.2

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


	Six Months Ended June 30, 2022
	Stock Options	RSUs	PSUs
Balance at December 31, 2021	4.8	4.5	1.4
Granted	—	4.5	0.9
Exercised/Vested	(0.2)	(2.0)	—
Forfeited/Unexercised	(0.1)	(0.4)	(0.1)
Balance at June 30, 2022	4.5	6.6	2.2

Total remaining unearned compensation costs	—	72.1	9.4

Weighted average remaining service period	0 years	1.43 years	1.69 years


	Six months ended June 30, 2021
	Stock Options	RSUs	PSUs
Balance at December 31, 2020	7.9	1.8	0.9
Granted	—	2.2	0.5
Vested	(2.4)	(0.5)	—
Forfeited	—	(0.2)	—
Balance at June 30, 2021	5.5	3.3	1.4

Total remaining unearned compensation costs	—	52.1	10.7

Weighted average remaining service period	0 years	1.41 years	2.04 years