Form 4: Shutterstock Director Rachna Bhasin Receives 9,700 Restricted Stock Units

Shutterstock, Inc. Director Rachna Bhasin was granted 9,700 Restricted Stock Units (RSUs) on June 10, 2025, aligning her interests with shareholder value.

Summary

• Rachna Bhasin, a Director of Shutterstock, Inc. (SSTK), was granted 9,700 Restricted Stock Units (RSUs).
• The transaction date for this grant was June 10, 2025.
• Each RSU represents a contingent right to receive one share of Shutterstock's common stock.
• The RSUs were granted at a price of $0 per unit.
• The 9,700 RSUs will vest in full on the earlier of June 10, 2026, or the date immediately preceding the 2026 Annual Meeting of Shareholders.
• Vesting is subject to Ms. Bhasin's continued service as a director on the vesting date.
• Following this transaction, Rachna Bhasin beneficially owns 9,700 derivative securities (RSUs).

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the RSU grant aligns the director's interests with shareholders, which is generally viewed favorably, though it is a routine compensation event.

Positives

• The grant of Restricted Stock Units to a director helps align the director's financial interests with those of the shareholders, encouraging long-term value creation.
• Equity compensation is a standard practice for attracting and retaining qualified board members.

Future Outlook

The granted Restricted Stock Units are scheduled to vest in full on the earlier of June 10, 2026, or the date immediately preceding the 2026 Annual Meeting of Shareholders, contingent upon the director's continued service.

Industry Context

This RSU grant is a routine form of equity compensation for directors in publicly traded companies, common across various industries to align leadership incentives with long-term company performance.

Related Party Transactions

• The grant of Restricted Stock Units to Rachna Bhasin, a Director of Shutterstock, Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aims to align the director's long-term interests with shareholder value, potentially leading to more focused decision-making for company growth.

Next Steps

• Vesting of the 9,700 Restricted Stock Units on the earlier of June 10, 2026, or the date immediately preceding the 2026 Annual Meeting of Shareholders, subject to continued service.

Key Dates

Keywords

Shutterstock, SSTK, Form 4, Restricted Stock Unit, RSU, Equity Grant, Director Compensation, Insider Transaction, Corporate Governance