0001415889-24-010398.txt : 20240405 0001415889-24-010398.hdr.sgml : 20240405 20240405162014 ACCESSION NUMBER: 0001415889-24-010398 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240404 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ciardiello Steven CENTRAL INDEX KEY: 0001689707 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35669 FILM NUMBER: 24826781 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] ORGANIZATION NAME: 06 Technology 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 form4-04052024_040403.xml X0508 4 2024-04-04 0001549346 Shutterstock, Inc. SSTK 0001689707 Ciardiello Steven 350 FIFTH AVENUE 20TH FLOOR NEW YORK NY 10118 false true false false CHIEF ACCOUNTING OFFICER 0 Common Stock 2024-04-04 4 M 0 954 0 A 38264 D Common Stock 2024-04-04 4 F 0 344 45.21 D 37920 D Common Stock 2024-04-04 4 M 0 1131 0 A 39051 D Common Stock 2024-04-04 4 F 0 408 45.21 D 38643 D Common Stock 2024-04-04 4 M 0 2419 0 A 41062 D Common Stock 2024-04-04 4 F 0 873 45.21 D 40189 D Common Stock 2024-04-04 4 M 0 424 0 A 40613 D Common Stock 2024-04-04 4 F 0 153 45.21 D 40460 D Common Stock 2024-04-04 4 M 0 189 0 A 40649 D Common Stock 2024-04-04 4 F 0 69 45.21 D 40580 D Common Stock 2024-04-04 4 M 0 503 0 A 41083 D Common Stock 2024-04-04 4 F 0 182 45.21 D 40901 D Common Stock 2024-04-04 4 M 0 687 0 A 41588 D Common Stock 2024-04-04 4 F 0 248 45.21 D 41340 D Performance-based Restricted Stock Unit 2024-04-04 4 M 0 954 0 D 2024-04-01 Common Stock 954 0 D Performance-based Restricted Stock Unit 2024-04-04 4 M 0 1131 0 D 2024-04-01 Common Stock 1131 1509 D Performance-based Restricted Stock Unit 2024-04-04 4 M 0 2419 0 D 2024-04-01 Common Stock 2419 4124 D Restricted Stock Unit 2024-04-04 4 M 0 424 0 D 2024-04-01 Common Stock 424 0 D Restricted Stock Unit 2024-04-04 4 M 0 189 0 D 2024-04-01 Common Stock 189 0 D Restricted Stock Unit 2024-04-04 4 M 0 503 0 D 2024-04-01 Common Stock 503 503 D Restricted Stock Unit 2024-04-04 4 M 0 687 0 D 2024-04-01 Common Stock 687 1374 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 vested 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. 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. 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, 2021 that vested 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, 2021 that vested 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. 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 2024-04-05