Form 4: Shutterstock Director Alfonse L. Upshaw Reports Stock Transactions
SEC Form 4 Filing
Director Alfonse L. Upshaw reports acquisition and disposal of Shutterstock common stock and restricted stock units.
Summary
- On June 5, 2024, Alfonse L. Upshaw, a director of Shutterstock, Inc., acquired 2,781 shares of common stock upon the vesting of restricted stock units (RSUs).
- On the same day, Upshaw disposed of 2,781 shares.
- Following these transactions, Upshaw directly owns 0 shares.
- On June 6, 2024, Upshaw acquired 4,318 restricted stock units.
- Upshaw now holds 4,318 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The settlement of the restricted stock units will be deferred until the earlier of the Reporting Person's termination of service on the Board or a change in control of the Issuer.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/08/2023 | Date of original RSU award that vested in full on the earlier of June 8, 2024, or the date immediately preceding the 2024 Annual Meeting of Shareholders. |
| 06/05/2024 | Director acquired 2,781 shares of common stock upon vesting of RSUs and disposed of 2,781 shares. |
| 06/06/2024 | Director acquired 4,318 restricted stock units. |
| 06/05/2025 | Date that the RSU award granted on June 6, 2024 vests in full, or the date immediately preceding the 2025 Annual Meeting of Shareholders. |
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