Shutterstock Management

Management criteria checks 2/4

Shutterstock's CEO is Paul Hennessy, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $20.88M, comprised of 1.6% salary and 98.4% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth €2.97M. The average tenure of the management team and the board of directors is 3.2 years and 8.5 years respectively.

Key information

Paul Hennessy

Chief executive officer

US$20.9m

Total compensation

CEO salary percentage	1.6%
CEO tenure	1.9yrs
CEO ownership	0.2%
Management average tenure	3.2yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Hennessy's remuneration changed compared to Shutterstock's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$110m
Sep 30 2023	n/a	n/a	US$118m
Jun 30 2023	n/a	n/a	US$113m
Mar 31 2023	n/a	n/a	US$82m
Dec 31 2022	US$21m	US$326k	US$76m
Sep 30 2022	n/a	n/a	US$86m
Jun 30 2022	n/a	n/a	US$79m
Mar 31 2022	n/a	n/a	US$89m
Dec 31 2021	US$216k	n/a	US$92m
Sep 30 2021	n/a	n/a	US$101m
Jun 30 2021	n/a	n/a	US$107m
Mar 31 2021	n/a	n/a	US$97m
Dec 31 2020	US$220k	n/a	US$72m
Sep 30 2020	n/a	n/a	US$50m
Jun 30 2020	n/a	n/a	US$33m
Mar 31 2020	n/a	n/a	US$17m
Dec 31 2019	US$208k	n/a	US$20m
Sep 30 2019	n/a	n/a	US$31m
Jun 30 2019	n/a	n/a	US$33m
Mar 31 2019	n/a	n/a	US$30m
Dec 31 2018	US$225k	n/a	US$55m
Sep 30 2018	n/a	n/a	US$42m
Jun 30 2018	n/a	n/a	US$39m
Mar 31 2018	n/a	n/a	US$43m
Dec 31 2017	US$218k	n/a	US$17m

Compensation vs Market: Paul's total compensation ($USD20.88M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.

CEO

Paul Hennessy (58 yo)

1.9yrs

Tenure

US$20,883,260

Compensation

Mr. Paul J. Hennessy serves as Chief Executive Officer at Shutterstock, Inc. since July 2022 and serves as its Director since May 2022. He served as Chief Executive Officer of Vroom, Inc. since June 8, 201...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan Oringer	Founder & Executive Chairman	21.3yrs	US$5.64m	30.62% $ 429.5m
Paul Hennessy	CEO & Director	1.9yrs	US$20.88m	0.21% $ 3.0m
Jarrod Yahes	Chief Financial Officer	4.3yrs	US$4.00m	0.11% $ 1.5m
Steven Ciardiello	Chief Accounting Officer	7.3yrs	US$1.26m	0.12% $ 1.6m
Sejal Amin	Chief Technology Officer	1.6yrs	no data	no data
Chris Suh	Vice President of Corporate Development and Investor Relations	no data	no data	no data
John Lapham	Senior VP	3.2yrs	no data	no data
Rachel Mahoney	Chief Marketing Officer	less than a year	no data	no data
Sara Birmingham	Chief Human Resources Officer	3.5yrs	no data	no data
Aiden Darne	Head of Global Production	3.4yrs	no data	no data
Meeckel Beecher	Head of Diversity	3yrs	no data	no data
John Caine	Chief Product & Digital Officer	1.3yrs	no data	0.021% $ 292.7k

3.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: S3T's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Oringer	Founder & Executive Chairman	21.3yrs	US$5.64m	30.62% $ 429.5m
Paul Hennessy	CEO & Director	9yrs	US$20.88m	0.21% $ 3.0m
Thomas Evans	Independent Presiding Director	12.1yrs	US$214.78k	0.12% $ 1.7m
Deirdre Bigley	Independent Director	7.9yrs	US$199.78k	0.033% $ 465.1k
Rachna Bhasin	Independent Director	4.8yrs	US$194.78k	0.044% $ 616.6k
Alfonse Upshaw	Independent Director	3.3yrs	US$207.28k	0.012% $ 168.2k

8.5yrs

Average Tenure

55.5yo

Average Age

Experienced Board: S3T's board of directors are considered experienced (8.5 years average tenure).

Shutterstock Management

Management criteria checks 2/4

Key information

Recent management updates

Shutterstock, Inc., Annual General Meeting, Jun 06, 2024

Insufficient new directors

Chief Financial Officer recently sold €1.1m worth of stock

Shutterstock, Inc. Appoints John Caine as Global Head of E-Commerce, Effective January 30, 2023

Shutterstock, Inc. Appoints Sejal Amin as Chief Technology Officer

CEO & Director recently bought €537k worth of stock

Recent updates

Shutterstock, Inc., Annual General Meeting, Jun 06, 2024

Fourth quarter dividend of US$0.30 announced

Shutterstock, Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: EPS: US$3.07 (vs US$2.11 in FY 2022)

Shutterstock, Inc. Provides Earnings Guidance for the Full Year 2024

Upcoming dividend of US$0.30 per share

Shutterstock, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Third quarter dividend of US$0.30 announced

Shutterstock, Inc. (NYSE:SSTK) acquired AKM-GSI Media.

Shutterstock, Inc. Declares Cash Dividend, Payable on March 14, 2024

Insufficient new directors

Upcoming dividend of US$0.27 per share at 2.4% yield

Investor sentiment improves as stock rises 20%

Shutterstock, Inc. Provides Revenue Guidance for the Full Year 2023

New minor risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$0.79 (vs US$0.64 in 3Q 2022)

Shutterstock, Inc. Integrates Creative AI into Library of 700M Images to Offer First-Ever Marketplace of Fully Customizable Stock

Shutterstock, Inc. Declares Cash Dividend, Payable on December 14, 2023

Shutterstock, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.27 per share at 2.5% yield

Shutterstock, Inc. Updates Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$1.39 (vs US$0.54 in 2Q 2022)

Shutterstock, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Shutterstock, Inc. (NYSE:SSTK) completed the acquisition of GIPHY, Inc. from Meta Platforms, Inc. (NasdaqGS:META).

Shutterstock, Inc. (NYSE:SSTK) announces an Equity Buyback for $100 million worth of its shares.

Shutterstock, Inc. (NYSE:SSTK) entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms, Inc. (NasdaqGS:META) for pproximately $130 million.

Shutterstock, Inc. (NYSE:SSTK) entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms, Inc. (NasdaqGS:META) for pproximately $130 million.

Upcoming dividend of US$0.27 per share at 2.0% yield

Investor sentiment deteriorates as stock falls 20%

First quarter 2023 earnings released: EPS: US$0.92 (vs US$0.73 in 1Q 2022)

Upcoming dividend of US$0.27 per share at 1.4% yield

Chief Financial Officer recently sold €1.1m worth of stock

Full year 2022 earnings released: EPS: US$2.11 (vs US$2.52 in FY 2021)

Shutterstock, Inc. Provides Revenue Guidance for Full Year 2023

Shutterstock, Inc. Declares Cash Dividend, Payable on March 16, 2023

Shutterstock, Inc. Introduces Generative Ai to Its All-In-One Creative Platform

Shutterstock, Inc. Appoints John Caine as Global Head of E-Commerce, Effective January 30, 2023

Shutterstock, Inc. to Report Q4, 2022 Results on Feb 09, 2023

Shutterstock, Inc. Partners with OpenAI and Leads the Way to Bring Ai-Generated Content to All

Shutterstock, Inc. Declares Cash Dividend, Payable on December 15, 2022

Shutterstock, Inc. to Report Q3, 2022 Results on Oct 25, 2022

Shutterstock, Inc. Appoints Sejal Amin as Chief Technology Officer

Upcoming dividend of US$0.24 per share

Shutterstock, Inc. Reaffirms Earnings Guidance for the Full Year 2022

Shutterstock, Inc. to Report Q2, 2022 Results on Jul 26, 2022

CEO & Director recently bought €537k worth of stock

Shutterstock, Inc. (NYSE:SSTK) acquired Splash News & Picture Agency, Inc. from SilverHub Media UK Ltd.

Upcoming dividend of US$0.24 per share

Investor sentiment deteriorated over the past week

Shutterstock, Inc. (NYSE:SSTK) completed the acquisition of Pond5 Inc. for $210 million.

Founder recently bought €3.0m worth of stock

First quarter 2022 earnings released: EPS: US$0.73 (vs US$0.81 in 1Q 2021)

Shutterstock, Inc. Reaffirms Earnings Guidance for Full Year 2022

Shutterstock, Inc. Appoints Jason Mcclelland to Leadership Team and Executive Committee as Chief Marketing Officer

Shutterstock, Inc., Annual General Meeting, Jun 02, 2022

Shutterstock, Inc. Declares Cash Dividend, Payable on June 16, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age