Form 4: Getty Images Senior VP Kenneth Mainardis Awarded 7,500 Restricted Stock Units

Getty Images Holdings, Inc. has reported that Senior Vice President Kenneth Arrigo Mainardis was granted 7,500 Restricted Stock Units (RSUs) on May 29, 2025, under the company's 2022 Equity Incentive Plan.

Summary

• Kenneth Arrigo Mainardis, Senior Vice President of Getty Images Holdings, Inc. (GETY), acquired 7,500 shares of Class A Common Stock through a grant of Restricted Stock Units (RSUs).
• The transaction occurred on May 29, 2025, with a reported price of $0 per unit, indicating an equity grant rather than a purchase.
• Following this transaction, Mr. Mainardis beneficially owns 223,587 shares of Class A Common Stock directly.
• The 7,500 RSUs were granted pursuant to the Issuer's 2022 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
• Vesting for these RSUs will commence in 2027, with 25% vesting in substantially equal quarterly installments on the 5th day of March, June, September, and December for four quarters, contingent on continued employment.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the RSU grant aligns management's interests with shareholders and is a standard practice for executive incentives, indicating stability in compensation strategy.

Positives

• The grant of Restricted Stock Units aligns the interests of Senior Vice President Kenneth Mainardis with those of the shareholders, incentivizing long-term performance and retention.
• The equity grant is part of the company's established 2022 Equity Incentive Plan, indicating a structured approach to executive compensation and talent retention.

Negatives

• The vesting of these RSUs will result in a minor dilution of existing shareholder equity over time as new shares are issued.

Future Outlook

The future outlook indicates that the 7,500 Restricted Stock Units granted to Senior Vice President Kenneth Mainardis will begin vesting in 2027, with 25% vesting quarterly over four quarters, subject to his continued employment.

Management Comments

• The grant of 7,500 Restricted Stock Units to Senior Vice President Kenneth Arrigo Mainardis on May 29, 2025, was made pursuant to the Issuer's 2022 Equity Incentive Plan, with vesting commencing in 2027.

Corporate Governance

Related Party Transactions

• The grant of 7,500 Restricted Stock Units to Kenneth Arrigo Mainardis, a Senior Vice President, constitutes a related party transaction as it involves compensation to an executive officer.

Stakeholder Impact

• Shareholders: Potential minor dilution upon vesting of RSUs, but also benefit from increased alignment of management's interests with long-term company performance.
• Employees (specifically Kenneth Arrigo Mainardis): Receives additional equity compensation, providing a long-term incentive tied to company performance and continued employment.

Next Steps

• The vesting of the 7,500 Restricted Stock Units will commence in 2027, with quarterly installments over four quarters, contingent on continued employment.

Key Dates

Keywords

Getty Images, GETY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Incentive Plan, Executive Compensation, Stock Grant