Shutterstock CEO awarded $8.5M RSUs tied to retention through Getty merger closing

Shutterstock, Inc.

375,110 RSUs granted to CEO Paul Hennessy on Dec 1, 2025, valued at $8.5M.
RSUs vest July 1, 2027, subject to continued service or termination without cause after change in control (e.g., merger closing).
Award replaces PSUs as required by Getty Images merger agreement; designed to promote retention through the pending merger.
Grant date value calculated using 30-day average closing price prior to Dec 1, 2025.

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