Share-based Compensation

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

The Company grants share-based awards under the Clarivate Plc 2019 Incentive Award Plan ("the "Plan"). As of March 31, 2022, approximately 36.2 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 months ended March 31, 2022, and 2021 comprised of the following:


	Three Months Ended March 31, 2022
	RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	9.6	$	0.1	$	(0.4)	$	9.3
Selling, general and administrative costs	16.2		1.0		0.1		17.3
Total share-based compensation expense	$	25.8	$	1.1	$	(0.3)	$	26.6


	Three Months Ended March 31, 2021
	RSUs		PSUs		CPA Global Equity Plan		Total
Cost of revenues	$	3.8	$	0.1	$	9.1	$	13.0
Selling, general and administrative costs	5.6		1.2		19.2		26.0
Total share-based compensation expense	$	9.4	$	1.3	$	28.3	$	39.0

The following table summarizes the Company’s existing share-based compensation awards program activity for the three months ended March 31, 2022, and 2021, respectively (in millions):


	Three Months Ended March 31, 2022
	Stock Options	RSUs	PSUs
Balance at December 31, 2021	4.8	4.5	1.4
Granted	—	3.9	0.9
Exercised/Vested	(0.2)	(0.7)	—
Forfeited/Unexercised	(0.1)	(0.1)	—
Balance at March 31, 2022	4.5	7.6	2.3

Total remaining unearned compensation costs	—	89.4	11.6

Weighted average remaining service period	0 years	1.4 years	1.9 years


	Three Months Ended March 31, 2021
	Stock Options	RSUs	PSUs
Balance at December 31, 2020	7.9	1.8	0.9
Granted	—	2.0	0.5
Vested	(0.8)	—	—
Forfeited	—	—	—
Balance at March 31, 2021	7.1	3.8	1.4

Total remaining unearned compensation costs	—	61.3	12.0

Weighted average remaining service period	0 years	1.6 years	2.3 years