Form 4 for SSTK Shutterstock, Inc.
Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-02 · accession 0001140361-22-008027 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-04 | 2022-03-02 | SSTK | Pavlovsky Stan | CEO, Dir | M - OptEx | $0.00 | +61.8K | 137.7K | +81% | $0 |
| D | 2022-03-04 | 2022-03-02 | SSTK | Pavlovsky Stan | CEO, Dir | F - Tax | $88.74 | -31.6K | 106.2K | -23% | -$2.80M |
| D | 2022-03-04 | 2022-03-02 | SSTK | Pavlovsky Stan | CEO, Dir | M - OptEx | $0.00 | +61.8K | 42.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-02 | M | A | 61,840 | $0.00 | 137,721 | D | — | — | |
| 2 | Common | Common Stock | 2022-03-02 | F | D | 31,570 | $88.74 | 106,151 | D | — | — | |
| 3 | Derivative | Performance- based Restricted Stock Units | 2022-03-02 | M | A | 61,840 | $0.00 | 42,476 | D | — · 2022-03-01 to — | 61,840 Common Stock | (F1) Each PSU represents a contingent right to receive one share of the Issuer's common stock. (F2) Performance-based restricted stock unit ("PSU") award, granted on April 1, 2020 (the "2020 Award") that provides for an aggregate target award of 124,930 shares of Issuer's Common Stock, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for each annual performance period. Subject to Compensation Committee confirmation of achievement of performance, the 2020 Award vested on March 1, 2021 and March 1, 2022 and will vest March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement. |