0001415889-23-004113.txt : 20230303 0001415889-23-004113.hdr.sgml : 20230303 20230303162034 ACCESSION NUMBER: 0001415889-23-004113 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230302 FILED AS OF DATE: 20230303 DATE AS OF CHANGE: 20230303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ciardiello Steven CENTRAL INDEX KEY: 0001689707 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35669 FILM NUMBER: 23704325 MAIL ADDRESS: STREET 1: 269 HANCE ROAD CITY: FAIR HAVEN STATE: NJ ZIP: 07704 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: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 BUSINESS PHONE: 646-419-4452 MAIL ADDRESS: STREET 1: 350 FIFTH AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10118 4 1 form4-03032023_040313.xml X0306 4 2023-03-02 0001549346 Shutterstock, Inc. SSTK 0001689707 Ciardiello Steven 350 FIFTH AVENUE 20TH FLOOR NEW YORK NY 10118 false true false false CHIEF ACCOUNTING OFFICER Common Stock 2023-03-02 4 M 0 4777 0 A 35689 D Common Stock 2023-03-02 4 F 0 1782 74.41 D 33907 D Performance-based Restricted Stock Unit 2023-03-02 4 M 0 4777 0 D 2023-03-01 Common Stock 4777 0 D Each Performance-based RSU ("PSU") represents a contingent right to receive one share of the Issuer's common stock. PSU award, granted on April 1, 2020 (the "2020 Award") 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, March 1, 2022 and 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 2023-03-03