Peter Silvio - 04 Apr 2022 Form 4 Insider Report for Shutterstock, Inc. (SSTK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Apr 2022, 16:15:37 UTC
Prior SEC filing
06 Apr 2022
Next SEC filing
03 Jun 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John Lapham, Attorney-in-Fact

Key filing fact

Peter Silvio filed Form 4 for Shutterstock, Inc. (SSTK) on 06 Apr 2022.

Key facts

  • This page summarizes Peter Silvio's Form 4 filing for Shutterstock, Inc. (SSTK).
  • 9 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 06 Apr 2022, 16:15.

Change

  • Previous filing in this sequence was filed on 06 Apr 2022.
  • Current net transaction value: -$424,362.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+4,803
Change %
+24%
Price
$0.000000
Shares after
25,048
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$234,366
Shares
-2,509
Change %
-10%
Price
$93.41
Shares after
22,539
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,735
Change %
+12%
Price
$0.000000
Shares after
25,274
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$141,329
Shares
-1,513
Change %
-6%
Price
$93.41
Shares after
23,761
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+942
Change %
+4%
Price
$0.000000
Shares after
24,703
Date
04 Apr 2022
Ownership
Direct
SSTK transaction

Common Stock

Tax liability

Transaction value
$48,667
Shares
-521
Change %
-2.1%
Price
$93.41
Shares after
24,182
Date
04 Apr 2022
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SSTK transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-4,803
Change %
-43%
Price
$0.000000
Shares after
6,407
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,803
Exercise price
Footnotes
F1, F2
SSTK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,735
Change %
-100%
Price
$0.000000*
Shares after
0
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,735
Exercise price
Footnotes
F3, F4
SSTK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-942
Change %
-33%
Price
$0.000000
Shares after
1,884
Date
04 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
942
Exercise price
Footnotes
F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

Footnote F2

PSU award granted on April 1, 2021 that vests 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.

Footnote F3

Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Footnote F4

RSU award granted on April 1, 2019 that vests in three equal annual installments beginning April 1, 2020, subject to the Reporting Person's continued employment on such vesting date.

Footnote F5

RSU award granted on April 1, 2021 that vests in three equal annual installments beginning April 1, 2022, subject to the Reporting Person's continued employment on such vesting date.

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