Kellough Kjelti Wilkes 4
Research Summary
AI-generated summary
Getty Images (GETY) GC Kellough K. Wilkes Exchanges Options
What Happened
- Kellough K. Wilkes, General Counsel of Getty Images Holdings, reported derivative transactions on 2026-03-27. The filing shows four dispositions to the issuer totaling 727,160 derivative securities (old/eligible options surrendered) and one acquisition of 143,459 derivative securities (new/options received). Prices and cash values are listed as N/A in the Form 4; this was an options-exchange under the company’s tender offer rather than an open-market sale or cash purchase. Per the filing footnote, each New Option retains the same vesting schedule as the corresponding Eligible Option.
Key Details
- Transaction date: 2026-03-27; Filing date: 2026-03-31 (filed timely).
- Dispositions to issuer (code D): 45,132 + 40,136 + 66,321 + 575,571 = 727,160 eligible options surrendered.
- Grant/acquisition (code A): 143,459 new options acquired.
- Reported prices/consideration: N/A (derivative transactions under an exchange offer; no cash proceeds shown).
- Shares/options owned after the transactions: not specified in the excerpt provided.
- Footnote: F1 — the transactions reflect an exchange of existing options for New Options pursuant to the Company’s exchange offer; material terms of the New Options are described in the Schedule TO (filed March 2, 2026). Each New Option maintains the same vesting schedule as the Eligible Option.
Context
- These are derivative transactions (options exchange), not open-market buys or sales of common stock. “Disposition to issuer” here indicates surrendering old options back to the company as part of the exchange; the acquisition line reflects receipt of replacement/options.
- An exchange like this can be administrative or related to compensation restructuring; it does not necessarily imply a personal buy/sell signal about the underlying stock. The economic value depends on strike prices and other terms (see the Company’s Schedule TO for details).