Form 4: Shutterstock Executive Steven Ciardiello Reports Stock Transactions
SEC Form 4 Filing
Steven Ciardiello, Chief Accounting Officer of Shutterstock, Inc., reports the acquisition and disposal of common stock and derivative securities on April 4, 2024, according to a Form 4 filing with the SEC.
Summary
- On April 4, 2024, Steven Ciardiello, the Chief Accounting Officer of Shutterstock, Inc., filed a Form 4 with the SEC.
- The filing details transactions involving common stock and derivative securities, specifically performance-based restricted stock units (PSUs) and restricted stock units (RSUs).
- Ciardiello acquired and disposed of shares of common stock through the vesting of PSUs and RSUs.
- The transactions resulted in a net change in Ciardiello's holdings of Shutterstock common stock, with the final amount beneficially owned being 41,340 shares.
- The price per share for the disposed shares was $45.21.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Date of PSU and RSU awards that vested in installments beginning April 1, 2022. |
| 04/01/2022 | Date of PSU and RSU awards that vested in installments beginning April 1, 2023. |
| 04/01/2023 | Date of PSU award that vests in installments beginning April 1, 2024. |
| 04/04/2024 | Date of the reported transactions (acquisition and disposal of securities). |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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