---
schema_version: "secwatch.filing_event.v1"
accession: "0001549346-22-000030"
form_type: "8-K"
ticker: "SSTK"
cik: "0001549346"
company_name: "Shutterstock, Inc."
filed_at: "2022-09-07T23:59:59+00:00"
generated_at: "2026-06-23T14:08:11.692470+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Shutterstock CTO Peter Silvio formally departs; gets $400k severance, equity vesting, bonus

## Summary
- CTO Peter Silvio resigned effective June 1; transition ended Sept 1, 2022 with formal separation agreement.
- Severance: $400,000 base salary paid in installments over 12 months; COBRA reimbursement for up to 12 months.
- Pro rata bonus for 2022 based on actual performance, paid no later than March 15, 2023.
- Outstanding equity awards will vest as provided in the agreement.
- Silvio remains bound by non-disclosure, non-compete, and non-solicitation covenants.

## SEC filing metadata
- accession: 0001549346-22-000030
- form_type: 8-K
- ticker: SSTK
- cik: 0001549346
- company_name: Shutterstock, Inc.
- filed_at: 2022-09-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1549346/000154934622000030/0001549346-22-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1549346/000154934622000030/sstk-20220901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001549346-22-000030
- JSON: https://secwatch.observer/filing/0001549346-22-000030.json
- Plain text: https://secwatch.observer/filing/0001549346-22-000030.txt

## Key facts
- Executive change
  Peter Silvio resigned as Chief Technology Officer at Shutterstock, Inc..
  - Action: resigned
  - Role: Chief Technology Officer
  source text: Shutterstock, Inc. (the “Company”) previously reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 1, 2022, that Peter Silvio, the Company’s Chief Technology Officer, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1549346/000154934622000030/0001549346-22-000030-index.htm

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