Form 4: Shutterstock Director Thomas R. Evans Reports Stock Transactions
SEC Form 4 Filing
Director Thomas R. Evans reports acquisition and disposal of Shutterstock (SSTK) common stock and restricted stock units.
Summary
- On June 5, 2024, Thomas R. Evans, a director of Shutterstock, Inc., acquired 2,781 shares of common stock upon the vesting of restricted stock units (RSUs).
- On the same day, Evans disposed of 2,781 shares of common stock.
- Following these transactions, Evans directly owns 25,091 shares of Shutterstock common stock.
- On June 6, 2024, Evans acquired 4,318 restricted stock units which vest on June 5, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders, subject to continued service.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director, which is a routine occurrence.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of shares available in the market.
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 | Date of common stock transaction (acquisition and disposal of 2,781 shares) and vesting of RSUs. |
| 06/06/2024 | Date of RSU award grant (4,318 units) that vests in full on the earlier of June 5, 2025, or the date immediately preceding the 2025 Annual Meeting of Shareholders. |
| 06/05/2025 | Vesting date of RSU award granted on June 6, 2024, or the date immediately preceding the 2025 Annual Meeting of Shareholders. |
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