0001140361-22-008028.txt : 20220304 0001140361-22-008028.hdr.sgml : 20220304 20220304174154 ACCESSION NUMBER: 0001140361-22-008028 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220302 FILED AS OF DATE: 20220304 DATE AS OF CHANGE: 20220304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Yahes Jarrod CENTRAL INDEX KEY: 0001796635 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35669 FILM NUMBER: 22715502 MAIL ADDRESS: STREET 1: 425 W. 53RD STREET STREET 2: PH1 CITY: NEW YORK STATE: NY ZIP: 10119 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Shutterstock, Inc. CENTRAL INDEX KEY: 0001549346 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 800812659 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 350 FIFTH AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 BUSINESS PHONE: 646-419-4452 MAIL ADDRESS: STREET 1: 350 FIFTH AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 4 1 form4.xml FORM 4 X0306 4 2022-03-02 0001549346 Shutterstock, Inc. SSTK 0001796635 Yahes Jarrod C/O SHUTTERSTOCK, INC. 350 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10118 true Chief Financial Officer Common Stock 2022-03-02 4 M 0 3435 0 A 20727 D Common Stock 2022-03-02 4 F 0 1667 88.74 D 19060 D Performance- based Restricted Stock Units 2022-03-02 4 M 0 3435 0 A 2022-03-01 Common Stock 3435 2360 D Each PSU represents a contingent right to receive one share of the Issuer's common stock. Performance-based restricted stock unit ("PSU") award, granted on April 1, 2020 (the "2020 Award") that provides for an aggregate target award of 6,940 shares of Issuer's Common Stock, 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, the 2020 Award vested on March 1, 2021 and March 1, 2022 and will vest March 1, 2023 at 33%, 33% and 34% of the aggregate target, respectively, subject to adjustment pursuant to the award agreement. /s/ John Lapham, Attorney-in-Fact 2022-03-04