Form 4: Shutterstock Director Rachna Bhasin Reports Stock Transactions
SEC Form 4 Filing
Director Rachna Bhasin reports acquisition and disposal of Shutterstock (SSTK) stock and restricted stock units.
Summary
- On June 5, 2024, Rachna Bhasin, a director of Shutterstock, Inc. (SSTK), reported the vesting of 2,781 Restricted Stock Units (RSUs) which converted into common stock.
- Bhasin then disposed of 2,781 shares of common stock.
- On June 6, 2024, Bhasin was granted 4,318 RSUs.
- Following these transactions, Bhasin directly owns 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.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
Key Dates
| Date | Description |
|---|---|
| 06/08/2023 | Date of original RSU award that vested on June 5, 2024. |
| 06/05/2024 | Vesting of 2,781 Restricted Stock Units and disposal of 2,781 shares of common stock. |
| 06/06/2024 | Grant of 4,318 Restricted Stock Units. |
| 06/05/2025 | Date that the 4,318 RSUs will vest, or the date immediately preceding the 2025 Annual Meeting of Shareholders, subject to continued service. |
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