Shutterstock (SSTK) chair exercises PSUs, 49,987 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shutterstock, Inc. executive chairman Jonathan Oringer reported a series of equity compensation transactions. He exercised performance-based restricted stock units into 143,700 shares of common stock, reflecting previously granted awards tied to adjusted EBITDA margin and revenue growth performance thresholds.
The company withheld 49,987 shares of common stock at $16.51 per share to cover tax obligations associated with these equity awards, and Oringer’s direct common stock holdings reported after the transactions were 10,925,568 shares. He also received a grant of 15,197 new restricted stock units that are scheduled to vest on April 1, 2027, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
143,700 shares exercised/converted
Mixed
10 txns
Insider
Oringer Jonathan
Role
EXECUTIVE CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Unit | 18,900 | $0.00 | -- |
| Exercise | Performance-based Restricted Stock Unit | 37,789 | $0.00 | -- |
| Exercise | Performance-based Restricted Stock Unit | 87,011 | $0.00 | -- |
| Exercise | Common Stock | 18,900 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,625 | $16.51 | $76K |
| Exercise | Common Stock | 37,789 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,123 | $16.51 | $184K |
| Exercise | Common Stock | 87,011 | $0.00 | -- |
| Tax Withholding | Common Stock | 34,239 | $16.51 | $565K |
| Grant/Award | Restricted Stock Unit | 15,197 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Unit — 0 shares (Direct);
Common Stock — 10,850,755 shares (Direct);
Restricted Stock Unit — 15,197 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. RSU award granted on April 1, 2026 that vests April 1, 2027, subject to the Reporting Person's continued employment on such vesting date. Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock. 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. PSU award granted on April 1, 2024 that vests in three equal annual installments beginning April 1, 2025, 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. PSU award granted on April 1, 2025 that vests April 1, 2026, 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.
Key Figures
PSU exercises: 143,700 shares
Tax-withholding shares: 49,987 shares
Tax-withholding price: $16.51 per share
+2 more
5 metrics
PSU exercises
143,700 shares
Performance-based RSUs converted into common stock on April 2, 2026
Tax-withholding shares
49,987 shares
Common stock withheld at $16.51 per share for tax obligations
Tax-withholding price
$16.51 per share
Price applied to F-code tax-withholding dispositions
Post-transaction holdings
10,925,568 shares
Direct Shutterstock common stock held after April 2, 2026 transactions
New RSU grant
15,197 units
RSUs granted April 1, 2026, vesting April 1, 2027
Key Terms
Restricted Stock Unit, Performance-based RSU, tax-withholding disposition, adjusted EBITDA margin, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance-based RSU financial
"Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock."
Performance-based RSUs are promises to deliver company stock to employees only if the firm or the individual meets preset financial or operational targets; they convert into actual shares when those goals are achieved. For investors, they matter because they link pay to results—shaping management incentives, affecting future share count and earnings reports, and signaling how confident leadership is about hitting measurable milestones (think of a bonus that only pays out if sales or profit goals are reached).
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
adjusted EBITDA margin financial
"contingent upon, and subject to adjustment based on, the achievement of certain adjusted EBITDA margin and revenue growth performance thresholds"
Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.
Compensation Committee confirmation financial
"Subject to Compensation Committee confirmation of achievement of performance and subject to adjustment pursuant to the award agreement."
