Form 4: Shutterstock Director Jaime Teevan Reports RSU Activity

Director Jaime Teevan exercised 9,700 restricted stock units and received a new grant of 11,239 units in Shutterstock, Inc.

Summary

• Director Jaime Teevan exercised 9,700 restricted stock units (RSUs) on June 10, 2026.
• The exercised RSUs converted into 9,700 shares of common stock.
• Following the transaction, the director holds 13,868 shares of common stock.
• A new grant of 11,239 RSUs was awarded to the director on June 10, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation and equity ownership, which carries no significant market sentiment.

Positives

• Director maintains a direct equity stake in the company, aligning interests with shareholders.

Negatives

• None identified.

Risks

• Vesting of future RSU grants is subject to the director's continued service to the company.

Future Outlook

The director received a new grant of 11,239 RSUs which are scheduled to vest on June 10, 2027, or the date preceding the 2027 Annual Meeting of Shareholders.

Industry Context

StockSavvy.ai notes that director equity compensation via RSUs is a standard corporate governance practice to ensure long-term alignment between board members and shareholders in the technology and media sectors.

Comparison to Industry Standards

• The use of annual RSU grants for non-employee directors is consistent with standard compensation practices for mid-cap technology companies.
• The vesting schedule tied to annual shareholder meetings is a common mechanism to ensure board continuity.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation event for a director.

Next Steps

• Vesting of the 11,239 RSUs on June 10, 2027.

Key Dates

Keywords

Shutterstock, SSTK, Form 4, Insider Trading, Director Compensation, Restricted Stock Units