Form 4: Getty Images SVP Peter Orlowsky Sells Shares to Cover Tax Obligations

Peter Orlowsky, Senior Vice President of Getty Images Holdings, Inc., sold 4,237 shares of Class A Common Stock on September 24, 2024, to cover mandatory tax withholding obligations.

Summary

• On September 24, 2024, Peter Orlowsky, a Senior Vice President at Getty Images Holdings, Inc., sold 4,237 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $3.61 per share, with individual trades ranging from $3.57 to $3.65.
• The transaction was conducted to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units.
• The sale was executed under a Rule 10b5-1 trading plan adopted in connection with the restricted stock unit award agreement dated March 16, 2023.
• Following the transaction, Orlowsky directly owns 216,075 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax obligations. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the relatively small number of shares involved.

Key Dates