---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-032447"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2024-07-05T23:59:59+00:00"
generated_at: "2026-05-31T23:20:44.249186+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-032447
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2024-07-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1549346/000114036124032447/0001140361-24-032447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000114036124032447/ef20032133_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-032447
- JSON: https://secwatch.observer/filing/0001140361-24-032447.json
- Plain text: https://secwatch.observer/filing/0001140361-24-032447.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.