Shutterstock Director Timothy M. Adams Receives RSU Award

What Happened Timothy M. Adams, a director of Shutterstock, Inc. (SSTK), was granted 23,107 restricted stock units (RSUs) on September 8, 2026. The Form 4 reports the acquisition price as $0.00 per unit (award), so the filing shows $0 cash paid; these RSUs are a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (Form 4) — filed two days after the transaction.
• Reported acquisition: 23,107 RSUs at $0.00 per unit (derivative/award, code A).
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — the RSU award vests in full on the earlier of June 10, 2027 or the day before the 2027 Annual Meeting, subject to Adams’ continued service.
• No indication of a 10b5‑1 plan, tax withholding sale, or immediate sale of shares in this filing.

Context RSUs are a form of equity compensation that convert into shares only upon vesting; they do not represent immediately tradable shares and can be forfeited if the service condition is not met. This is a routine director compensation grant and should be viewed as an award rather than a market purchase or sale.