Pavlovsky Stan 4
4 · Shutterstock, Inc. · Filed Apr 6, 2022
Insider Transaction Report
Form 4
Pavlovsky Stan
President & COO
Transactions
- Award
Performance-based Restricted Stock Unit
2022-04-01+45,260→ 45,260 total→ Common Stock (45,260 underlying) - Award
Restricted Stock Unit
2022-04-01+15,086→ 15,086 total→ Common Stock (15,086 underlying)
Footnotes (4)
- [F1]Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]PSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, 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 and subject to adjustment pursuant to the award agreement.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]RSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date.