Pavlovsky Stan 4
4 · Shutterstock, Inc. · Filed Mar 4, 2022
Insider Transaction Report
Form 4
Pavlovsky Stan
President & COO
Transactions
- Exercise/Conversion
Common Stock
2022-03-02+61,840→ 137,721 total - Tax Payment
Common Stock
2022-03-02$88.74/sh−31,570$2,801,522→ 106,151 total - Exercise/Conversion
Performance- based Restricted Stock Units
2022-03-02+61,840→ 42,476 totalFrom: 2022-03-01→ Common Stock (61,840 underlying)
Footnotes (2)
- [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.