0001415889-23-006281.txt : 20230405 0001415889-23-006281.hdr.sgml : 20230405 20230405163033 ACCESSION NUMBER: 0001415889-23-006281 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230403 FILED AS OF DATE: 20230405 DATE AS OF CHANGE: 20230405 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: 23802954 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: 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 form4-04052023_040410.xml X0407 4 2023-04-03 0001549346 Shutterstock, Inc. SSTK 0001796635 Yahes Jarrod C/O SHUTTERSTOCK, INC. 350 FIFTH AVENUE, 20TH FLOOR NEW YORK NY 10118 false true false false CHIEF FINANCIAL OFFICER 0 Common Stock 2023-04-03 4 M 0 4239 0 A 18541 D Common Stock 2023-04-03 4 F 0 2314 72.60 D 16227 D Common Stock 2023-04-03 4 M 0 6171 0 A 22398 D Common Stock 2023-04-03 4 F 0 3413 72.60 D 18985 D Common Stock 2023-04-03 4 M 0 1884 0 A 20869 D Common Stock 2023-04-03 4 F 0 1042 72.60 D 19827 D Common Stock 2023-04-03 4 M 0 2743 0 A 22570 D Common Stock 2023-04-03 4 F 0 1517 72.60 D 21053 D Performance-based Restricted Stock Unit 2023-04-03 4 M 0 4239 0 D 2023-04-01 Common Stock 4239 5653 D Performance-based Restricted Stock Unit 2023-04-03 4 M 0 6171 0 D 2023-04-01 Common Stock 6171 16459 D Restricted Stock Unit 2023-04-03 4 M 0 1884 0 D 2023-04-01 Common Stock 1884 1884 D Restricted Stock Unit 2023-04-03 4 M 0 2743 0 D 2023-04-01 Common Stock 2743 5486 D Performance-based Restricted Stock Unit 2023-04-03 4 A 0 40206 0 A Common Stock 40206 40206 D Restricted Stock Unit 2023-04-03 4 A 0 13402 0 A Common Stock 13402 13402 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, 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. PSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, 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. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 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. RSU award granted on April 1, 2022 that vests in three equal annual installments beginning April 1, 2023, subject to the Reporting Person's continued employment on such vesting date. 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. RSU award granted on April 3, 2023 that vests in three equal annual installments beginning April 1, 2024, subject to the Reporting Person's continued employment on such vesting date. /s/ John Lapham, Attorney-in-Fact 2023-04-05