Shutterstock Management

Management criteria checks 3/4

Shutterstock's CEO is Paul Hennessy, appointed in May 2022, has a tenure of 2.5 years. total yearly compensation is $8.11M, comprised of 8.6% salary and 91.4% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth €3.89M. The average tenure of the management team and the board of directors is 3.9 years and 8.5 years respectively.

Key information

Paul Hennessy

Chief executive officer

US$8.1m

Total compensation

CEO salary percentage	8.6%
CEO tenure	2.5yrs
CEO ownership	0.4%
Management average tenure	3.9yrs
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
Sep 30 2024	n/a	n/a	US$36m
Jun 30 2024	n/a	n/a	US$47m
Mar 31 2024	n/a	n/a	US$94m
Dec 31 2023	US$8m	US$700k	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 ($USD8.11M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Hennessy (59 yo)

2.5yrs

Tenure

US$8,113,511

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	21.8yrs	US$5.50m	31.22% € 321.2m
Paul Hennessy	CEO & Director	2.5yrs	US$8.11m	0.38% € 3.9m
Rik Powell	Chief Financial Officer	no data	no data	no data
Steven Ciardiello	Chief Accounting Officer	7.9yrs	US$1.26m	0.12% € 1.2m
Chris Suh	Vice President of Corporate Development and Investor Relations	no data	no data	no data
John Lapham	Senior VP	3.8yrs	no data	no data
Sara Birmingham	Chief Human Resources Officer	4.1yrs	no data	no data
Aiden Darne	Head of Global Production	4yrs	no data	no data
Meeckel Beecher	Head of Diversity	3.6yrs	no data	no data
Aimee Egan	Chief Enterprise Officer	1.3yrs	no data	no data
Jody Vandergriff	Co-Founder & Chief Executive Officer of WebDAM	11yrs	no data	no data

3.9yrs

Average Tenure

55yo

Average Age

Experienced Management: S3T's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan Oringer	Founder & Executive Chairman	21.8yrs	US$5.50m	31.22% € 321.2m
Paul Hennessy	CEO & Director	9.6yrs	US$8.11m	0.38% € 3.9m
Thomas Evans	Independent Presiding Director	12.7yrs	US$215.88k	0.072% € 740.6k
Deirdre Bigley	Independent Director	8.5yrs	US$200.88k	0.042% € 429.9k
Rachna Bhasin	Independent Director	5.3yrs	US$205.88k	0.053% € 543.2k
Alfonse Upshaw	Independent Director	3.9yrs	US$208.38k	0.0080% € 82.1k
Jaime Teevan	Director	less than a year	no data	no data

8.5yrs

Average Tenure

56.5yo

Average Age

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

Shutterstock Management

Management criteria checks 3/4

Key information

Recent management updates

Shutterstock, Inc. Announces Executive Changes

Shutterstock, Inc. Appoints Jaime Teevan to Its Board of Directors

CEO & Director recently bought €443k worth of stock

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

Insufficient new directors

Recent updates

Third quarter dividend of US$0.30 announced

New major risk - Dividend sustainability

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.79 in 3Q 2023)

Shutterstock, Inc. Declares Cash Dividend, Payable on December 13, 2024

Shutterstock, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Shutterstock, Inc. Announces Executive Changes

Upcoming dividend of US$0.30 per share

Second quarter 2024 earnings released: EPS: US$0.10 (vs US$1.39 in 2Q 2023)

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

New minor risk - Share price stability

Shutterstock, Inc. Launches First Ethical Generative 3D API

First quarter dividend of US$0.30 announced

Investor sentiment improves as stock rises 15%

Shutterstock, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Shutterstock, Inc. Appoints Jaime Teevan to Its Board of Directors

CEO & Director recently bought €443k worth of stock

Upcoming dividend of US$0.30 per share

Shutterstock, Inc. (NYSE:SSTK) entered into a definitive agreement to acquire Envato Pty. Ltd. for approximately $250 million.

First quarter 2024 earnings released: EPS: US$0.45 (vs US$0.92 in 1Q 2023)

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

New minor risk - Share price stability

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

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

Third quarter dividend of US$0.30 announced

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 19%

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

New minor risk - Earnings quality

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

Investor sentiment deteriorates as stock falls 19%

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 18%

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age