Form 4 for SSTK Shutterstock, Inc.
Accepted 2024-07-03 00:00:00 ET · period of report 2024-07-01 · accession 0001415889-24-019193 · 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 | 2024-07-03 | 2024-07-02 | SSTK | Hennessy Paul J. | CEO, Dir | M - OptEx | $0.00 | +87.6K | 175.4K | +100% | $0 |
| D | 2024-07-03 | 2024-07-02 | SSTK | Hennessy Paul J. | CEO, Dir | F - Tax | $37.38 | -43.7K | 131.7K | -25% | -$1.63M |
| D | 2024-07-03 | 2024-07-02 | SSTK | Hennessy Paul J. | CEO, Dir | M - OptEx | $0.00 | -87.6K | 87.6K | -50% | $0 |
| DM | 2024-07-03 | 2024-07-01 | SSTK | Hennessy Paul J. | CEO, Dir | A - Grant | $0.00 | +216.6K | 162.5K | 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 | 2024-07-02 | M | A | 87,596 | $0.00 | 175,399 | D | — | — | |
| 2 | Common | Common Stock | 2024-07-02 | F | D | 43,717 | $37.38 | 131,682 | D | — | — | |
| 3 | Derivative | Restricted Stock Unit | 2024-07-02 | M | D | 87,596 | $0.00 | 87,597 | D | — · 2024-07-01 to — | 87,596 Common Stock | (F3) Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F5) RSU award granted on July 1, 2022 that vests in three equal annual installments beginning July 1, 2023, subject to the Reporting Person's continued employment on such vesting date. |
| 4 | Derivative | Restricted Stock Unit | 2024-07-01 | A | A | 54,101 | $0.00 | 54,101 | D | — · 2026-07-01 to — | 54,101 Common Stock | (F3) Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. (F4) RSU award granted on July 1, 2024 that vests July 1, 2026, subject to the Reporting Person's continued employment on such vesting date. |
| 5 | Derivative | Performance-based Restricted Stock Units | 2024-07-01 | A | A | 162,544 | $0.00 | 162,544 | D | — · 2026-07-01 to — | 162,544 Common Stock | (F1) Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. (F2) PSU award granted on July 1, 2024 that vests July 1, 2026, contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds for the performance period. Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement. |