secwatch.observer — SEC 8-K summary
======================================

Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001140361-25-044006
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000114036125044006/0001140361-25-044006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000114036125044006/ef20060304_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-044006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer