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

Senior Vice President of Getty Images Holdings, Inc., Peter Orlowsky, sold 20,467 shares of Class A Common Stock on March 25, 2024, to cover tax withholding obligations.

Summary

• Peter Orlowsky, a Senior Vice President at Getty Images Holdings, Inc., sold 20,467 shares of Class A Common Stock on March 25, 2024.
• The sale was executed at a weighted average price of $4.41 per share, with individual trades ranging from $4.10 to $4.99.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
• Following the transaction, Orlowsky directly owns 191,405 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) by a company executive. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence, especially when related to tax obligations from vesting equity. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a routine part of equity compensation across publicly traded companies.
• Companies like Adobe, Shutterstock, and similar publicly traded entities often see similar filings from their executives related to stock sales for tax obligations.
• The use of Rule 10b5-1 trading plans is a widespread practice among executives to manage these transactions in compliance with securities laws.

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 stated reason for the sale (tax obligations) and the existence of a pre-arranged trading plan.

Key Dates