Shutterstock (SSTK) CFO boosts equity stake after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shutterstock, Inc. reported routine equity compensation activity by its Chief Financial Officer, Rikki Powell. On July 2, 2026, Powell exercised 2,231 Restricted Stock Units (RSUs), each converting into one share of common stock at a conversion price of $0.00 per share.
To cover tax obligations, 1,233 common shares were disposed of through a tax-withholding transaction at an indicated value of $9.90 per share, which is not an open-market sale. Following these transactions, Powell directly holds 33,075 shares of common stock and 4,462 RSUs, reflecting a modest, compensation-driven increase in her equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,231 shares exercised/converted
Mixed
3 txns
Insider
Powell Rikki
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,231 | $0.00 | -- |
| Exercise | Common Stock | 2,231 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,233 | $9.90 | $12K |
Holdings After Transaction:
Restricted Stock Unit — 4,462 shares (Direct, null);
Common Stock — 33,075 shares (Direct, null)
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 July 1, 2024 that vests over four years as follows: 25% on each of July 1, 2025 and July 1, 2026; then 6.25% on each of October 1, 2026, January 1, 2027, April 1, 2027, July 1, 2027, October 1, 2027, January 1, 2028, April 1, 2028 and July 1, 2028, subject to the Reporting Person's continued employment on such vesting date.
Key Figures
RSUs exercised: 2,231 RSUs
Tax-withheld shares: 1,233 shares
Common shares held after: 33,075 shares
+2 more
5 metrics
RSUs exercised
2,231 RSUs
Converted into common stock on July 2, 2026
Tax-withheld shares
1,233 shares
Shares disposed of for tax withholding at $9.90/share
Common shares held after
33,075 shares
Direct holdings following the reported transactions
RSUs remaining
4,462 RSUs
Restricted Stock Units outstanding after the transaction
Indicated tax price
$9.90 per share
Value used for the 1,233-share tax-withholding disposition
Key Terms
Restricted Stock Unit, contingent right, vests over four years, tax-withholding disposition, +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.
contingent right financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock."
vests over four years financial
"RSU award granted on July 1, 2024 that vests over four years as follows:"
A grant that "vests over four years" is a promise that ownership of awarded company shares or options becomes permanent in small portions over a four-year period instead of all at once. Think of it like earning a four-year subscription one month at a time: the recipient gains the right to a bit more stock as time passes, which matters to investors because it affects when employees can sell shares, how quickly ownership shifts, and the timing of potential dilution or insider selling.
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.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transaction did Shutterstock (SSTK) report for CFO Rikki Powell?
Shutterstock reported that CFO Rikki Powell exercised 2,231 Restricted Stock Units, each converting into one share of common stock. A portion of the resulting shares was withheld to satisfy tax obligations, making this a routine compensation-related transaction rather than a discretionary market trade.
Does the Shutterstock Form 4 show an open-market stock sale by the CFO?
The Form 4 does not show an open-market sale. It records a tax-withholding disposition of 1,233 shares at an indicated $9.90 per share, which is a standard mechanism to satisfy tax obligations on vested equity awards, rather than a voluntary sale into the market.
What are Rikki Powell’s Shutterstock holdings after these Form 4 transactions?
After the reported transactions, Rikki Powell directly holds 33,075 shares of Shutterstock common stock and 4,462 Restricted Stock Units. The RSUs represent additional contingent rights to receive common shares in the future, subject to continued employment and the vesting schedule.
How do the reported RSUs for Shutterstock’s CFO vest over time?
The RSU award reported was granted on July 1, 2024 and vests over four years. Vesting occurs 25% on July 1, 2025, 25% on July 1, 2026, then 6.25% on eight quarterly dates through July 1, 2028, contingent on continued employment at each vesting date.