Form 4: Getty Images Chief Accounting Officer Sells Shares for Tax Obligations

Getty Images Holdings, Inc.'s Chief Accounting Officer, Chris Hoel, sold 553 shares of Class A Common Stock for $1.66 per share to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Chris Hoel, Chief Accounting Officer of Getty Images Holdings, Inc. (GETY), reported a sale of 553 shares of Class A Common Stock.
• The transaction occurred on June 10, 2025, at a weighted average price of $1.66 per share, with individual trades ranging from $1.61 to $1.70.
• The sale was non-discretionary and executed to cover mandatory tax withholding obligations associated with the vesting and settlement of restricted stock units.
• This transaction was conducted under a Rule 10b5-1 trading plan established on December 5, 2022.
• Following the sale, Mr. Hoel directly beneficially owns 90,824 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary sale to cover tax obligations related to restricted stock unit vesting, executed under a pre-established 10b5-1 plan. This is a routine event and does not reflect a change in the insider's sentiment regarding the company's prospects, thus it is neutral.

Positives

• The sale was non-discretionary and pre-planned under a Rule 10b5-1 trading plan, indicating it was not a discretionary sale based on new information or a lack of confidence in the company.
• The purpose of the sale was to cover mandatory tax withholding obligations related to the vesting of restricted stock units, which is a common and routine practice for executive compensation.

Negatives

• No direct negatives are indicated by this routine, non-discretionary sale for tax purposes.

Risks

• NA

Future Outlook

NA

Management Comments

• "The non-discretionary sales to cover mandatory tax withholding obligations in connection with the vesting and settlement of restricted stock units reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted in connection by the Reporting Person in the award agreement, dated December 5, 2022, for the restricted stock units grants."
• "This transaction was executed in multiple trades at prices ranging from $1.61 to $1.70. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected."

Industry Context

This Form 4 reports a routine insider transaction for tax purposes, which is common across industries for executives receiving equity compensation. It does not provide specific insights into broader industry trends for digital content or stock photography.

Comparison to Industry Standards

• The sale of shares to cover tax withholding obligations upon the vesting of restricted stock units is a standard practice for executive compensation across publicly traded companies.
• This transaction aligns with typical industry practices for managing equity awards and does not indicate any deviation from global benchmarks in corporate compensation or insider trading practices.

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: A minor increase in the public float due to the sale of 553 shares, but the impact on share price is likely negligible given the small volume and routine nature of the transaction.
• Employees: No direct impact on general employees.

Next Steps

• NA

Key Dates

Keywords

Getty Images, GETY, SEC Form 4, insider trading, stock sale, Chris Hoel, Chief Accounting Officer, restricted stock units, RSU, tax withholding, 10b5-1 plan