Teaster Michael 4
Research Summary
AI-generated summary
Getty Images (GETY) Chief of Staff Michael Teaster Receives RSUs, Sells Shares
What Happened
- Michael Teaster, Chief of Staff at Getty Images (GETY), was granted 151,898 Restricted Stock Units (RSUs) on June 3, 2026; the RSUs vested in full on the grant date and represent a contingent right to one share each (acquired at $0.00). On June 5, 2026 he disposed of 38,100 shares in a sale at $0.79 per share, generating proceeds of approximately $30,099. The sale was to cover mandatory tax withholding and was non-discretionary.
Key Details
- Transaction dates/prices: RSU grant/vest on 2026-06-03 (151,898 RSUs @ $0.00); sale on 2026-06-05 (38,100 shares @ $0.79, ~$30,099).
- Transaction types/codes: A = Award/Grant (RSUs); S = Sale (open market/private sale); withholding/tax sale noted.
- Footnotes: RSUs granted under the Issuer’s 2022 Equity Incentive Plan and vested in full (F1). The shares sold to cover taxes were effected pursuant to a Rule 10b5-1 plan/award agreement dated June 3, 2026 (F2).
- Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 filing for total beneficial ownership.
- Filing timeliness: Form 4 was filed on 2026-06-05 for the report period 2026-06-03; the sale and report appear timely.
Context
- RSUs: Each RSU is a contingent right to one share that vested and was settled on grant — this is an equity award, not a market purchase.
- Tax-withholding sales: Sales to cover taxes after vesting are routine and do not necessarily indicate a view on the company’s stock. Purchases are generally considered more informative about insider sentiment than award grants or mandatory withholding sales.