Form 4: Getty Images Executive Sells Shares to Cover Tax Obligations

Peter Orlowsky, Senior Vice President of Getty Images, sold 4,316 shares of Class A Common Stock on December 24, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On December 24, 2024, Peter Orlowsky, a Senior Vice President at Getty Images Holdings, Inc., sold 4,316 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $2.2, with individual trades ranging from $2.17 to $2.26.
• The transaction was conducted to cover mandatory tax withholding obligations associated with the vesting and settlement of restricted stock units.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 16, 2023.
• Following the transaction, Orlowsky directly owns 211,759 shares of Getty Images Holdings, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations and executed under a pre-arranged plan, suggesting it's not indicative of the executive's view on the company's future prospects.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The existence of a pre-arranged 10b5-1 trading plan suggests the transaction was planned in advance and not based on any material non-public information.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and was executed to cover tax obligations.

Key Dates