Form 4: Shutterstock Executive Matthew Furlong Acquires 135,263 Restricted Stock Units

Chief Marketplace Officer Matthew Furlong acquired 135,263 restricted stock units in Shutterstock, Inc. on April 1, 2025.

Summary

• On April 1, 2025, Matthew Furlong, Chief Marketplace Officer of Shutterstock, Inc., acquired 135,263 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Shutterstock's common stock.
• The RSU award vests in three equal annual installments starting April 1, 2026, contingent upon Furlong's continued employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, indicating confidence in the executive's continued contribution to the company.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continued employment with Shutterstock.

Industry Context

This is a standard practice for executive compensation, aligning the executive's interests with the long-term performance of the company.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a common practice among publicly traded companies like Shutterstock (SSTK) to incentivize and retain key executives.
• Companies such as Adobe (ADBE), Getty Images, and similar tech firms often use similar vesting schedules (e.g., three-year vesting) for their executive equity grants.
• The size of the grant (135,263 RSUs) would be benchmarked against similar roles and company size within the tech and media industry to assess its competitiveness.

Stakeholder Impact

• The RSU grant aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.
• Employees may view this as a positive sign of investment in leadership.

Key Dates

Keywords

Restricted Stock Units, RSU, Shutterstock, SSTK, Matthew Furlong, Chief Marketplace Officer, Form 4, Beneficial Ownership