Shutterstock grants CEO Paul Hennessy $8.5M equity award vesting July 2026

Shutterstock, Inc.

Board approved $8.5M award: $6.375M in PSUs (162,544) and $2.125M in RSUs (54,181), both vesting July 1, 2026.
PSUs tied to performance goals (e.g., adjusted EBITDA margin and revenue growth); RSUs time-vested.
Amendment: if terminated without cause before July 1, 2026, retains original severance; on/after, only prorated bonus.
Award designed to incentivize CEO retention through July 2026, beyond his other equity vesting July 2025.

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