4//SEC Filing
Oringer Jonathan 4
Accession 0001415889-24-010400
CIK 0001549346other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:20 PM ET
Size
19.9 KB
Accession
0001415889-24-010400
Insider Transaction Report
Form 4
Oringer Jonathan
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Unit
2024-04-04−15,086→ 20,116 totalFrom: 2024-04-01→ Common Stock (15,086 underlying) - Exercise/Conversion
Common Stock
2024-04-04+15,086→ 10,869,353 total - Tax Payment
Common Stock
2024-04-04$45.21/sh−4,786$216,375→ 10,864,567 total - Exercise/Conversion
Common Stock
2024-04-04+14,133→ 10,858,073 total - Tax Payment
Common Stock
2024-04-04$45.21/sh−11,695$528,731→ 10,882,456 total - Exercise/Conversion
Performance-based Restricted Stock Unit
2024-04-04−14,133→ 0 totalFrom: 2024-04-01→ Common Stock (14,133 underlying) - Tax Payment
Common Stock
2024-04-04$45.21/sh−3,806$172,069→ 10,854,267 total - Exercise/Conversion
Common Stock
2024-04-04+29,584→ 10,894,151 total - Exercise/Conversion
Performance-based Restricted Stock Unit
2024-04-04−29,584→ 50,401 totalFrom: 2024-04-01→ Common Stock (29,584 underlying)
Footnotes (4)
- [F1]Each Performance-based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]PSU award granted on April 1, 2021 that vested in three equal annual installments beginning April 1, 2022, 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]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.
- [F4]PSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, 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.
Documents
Issuer
Shutterstock, Inc.
CIK 0001549346
Entity typeother
Related Parties
1- filerCIK 0001559639
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:20 PM ET
- Size
- 19.9 KB