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Getty Images Holdings, Inc.·4

Mar 31, 4:30 PM ET

Teaster Michael 4

Research Summary

AI-generated summary

Updated

Getty Images (GETY) Chief of Staff Michael Teaster Exchanges Options

What Happened

  • Michael Teaster, Chief of Staff at Getty Images (GETY), reported derivative transactions on 2026-03-27 related to an exchange offer. The filing shows three dispositions to the issuer of 132,901; 295,677; and 216,407 option-equivalent shares (total 644,985) and two acquisitions of new option-equivalent awards of 7,981 and 212 shares (total 8,193). No per-share prices or cash amounts are reported (N/A) because these were option exchanges, not open-market trades.
  • Per the filing footnote, these moves reflect an exchange of existing stock options ("Eligible Options") for new stock options ("New Options") under the company’s exchange offer (see Schedule TO filed March 2, 2026). Each New Option retains the same vesting schedule as the corresponding Eligible Option.

Key Details

  • Transaction date: 2026-03-27. Transaction codes: D = disposition to issuer (surrender/exchange), A = grant/award (new options). Prices and cash values: N/A (derivative exchange).
  • Reported dispositions total 644,985 option-equivalent shares; reported acquisitions total 8,193 option-equivalent shares.
  • Shares owned after the transaction: not specified in the summary data provided.
  • Footnote: Exchange was part of the Company’s tender/exchange offer; material terms of New Options described in the Schedule TO (filed March 2, 2026).
  • Filing timeliness: Report filed 2026-03-31 for transactions on 2026-03-27 (filed within the typical Form 4 reporting window).

Context

  • These are derivative transactions (options exchanged for new options), not open-market purchases or sales of stock; no cash proceeds or market trades are reported. Dispositions to the issuer typically mean options were surrendered under the exchange offer and replaced by new options with similar vesting — this does not directly signal a buy or sell of underlying shares.
  • For retail investors: such option-exchange filings document changes to insider incentive arrangements and vesting but are different from outright insider purchases or sales of stock.