Tech — Software
Shutterstock Executive Compensation (FY24)
SSTK · New York, NY · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024 ◇ Paul Hennessy | Latest say-on-pay support = December 22, 2025 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 19, 2026Latest filing (8-K): December 22, 2025
13 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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195 figures on this page: 185 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
More on Shutterstock
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Paul Hennessy: $8,113,511 → $7,176,468 (11.5% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Shutterstock's chief executive and what were they paid?
Paul Hennessy was paid $7,176,468 in total compensation as Chief Executive Officer for fiscal 2024. Compared with the $8,113,511 reported for fiscal 2023, Hennessy's total was 11.5% lower.
What was Shutterstock's say-on-pay result?
Shareholders recorded 85.4% support for the say-on-pay proposal at the meeting held December 22, 2025 for fiscal 2024.
Which companies are in Shutterstock's peer group?
Companies named in the disclosed peer group include Alarm.com Holdings, Inc., Box, Inc., Cars.com Inc., Dropbox, Inc. and Envestnet, Inc., among others.
What is Shutterstock's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2024 is 44:1, against median employee compensation of $163,640.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Hennessy Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Stan Pavlovsky Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Jonathan Oringer Executive Chairman | ◇ | — | ◇ | — | — | — | — | ◇ |
Jarrod Yahes Former Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Peter Silvio Former Chief Technology Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
John Caine Former Chief Product and Digital Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Paul Hennessy Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jonathan Oringer Executive Chairman | ◇ | — | ◇ | — | — | — | — | ◇ |
Jarrod Yahes Former Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Hennessy Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jonathan Oringer Executive Chairman | ◇ | — | ◇ | — | — | — | — | ◇ |
Jarrod Yahes Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Caine Former Chief Product and Digital Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Rik Powell Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Jarrod Yahes | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| John Caine | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Jonathan Oringer | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Paul Hennessy | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Rik Powell | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Rik Powell | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Rik Powell | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Jarrod Yahes | Option | ◇ | — | ◇ | 3/31/2025 |
| Paul Hennessy | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| John Caine | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Jonathan Oringer | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2026 |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
John Caine
Former Chief Product and Digital Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
Paul Hennessy
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
Rik Powell
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Severance cash amount | ◇ |
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Thomas R. Evans | ◇ | ◇ | — | — | — | — | ◇ |
Deirdre Bigley | ◇ | ◇ | — | — | — | — | ◇ |
Rachna Bhasin | ◇ | ◇ | — | — | — | — | ◇ |
Alfonse Upshaw | ◇ | ◇ | — | — | — | — | ◇ |
Jaime Teevan | ◇ | ◇ | — | — | — | — | ◇ |
Jonathan Oringer and Paul J. Hennessy served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- Alarm.com Holdings, Inc. ALRM
- Box, Inc. BOX
- Cars.com Inc. CARS
- Dropbox, Inc. DBX
- Envestnet, Inc. ENV
- Etsy, Inc. ETSY
- Getty Images Holdings, Inc. GETY
- Jonathan OringerExecutive Chairman symbol not shown
- LivePerson, Inc. LPSN
- Magnite, Inc. MGNI
- New Relic, Inc. NEWR
- Paycom Software, Inc. PAYC
- Pinterest, Inc. PINS
- QuinStreet, Inc. QNST
- Quotient Technology, Inc. QUOT
- Stitch Fix, Inc. SFIX
- TrueCar, Inc. TRUE
- Vimeo, Inc. VMEO
- Yelp Inc. YELP
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | December 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 6, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 8, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 2, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 3, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 4, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 6, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 6, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 7, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 7, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Paul Hennessy (Chief Executive Officer), FY2024 total compensation $7,176,468 (base salary $700,000) [exec_comp, SEC accession 0001549346-25-000053, filed 2025-11-20]What this page does not include
Everything above is a fact Shutterstock disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Shutterstock sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
195 figures on this page: 185 cited to the filing that reported them, 10 calculated from figures it prints.
185 cited to the filing
10 calculated from the filing
Documents cited
- 0001549346-25-000055Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001549346-25-000053Grants of Plan-Based Awards in 2024 · Summary Compensation Table
- 0001549346-25-000050CEO Pay Ratio · Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Outstanding Equity Awards at Fiscal Year-End
- 0001549346-24-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001549346-23-000025
- 0001140361-23-020258Summary Compensation Table
- 0001549346-22-000022
- 0001549346-21-000028
- 0001549346-20-000025
- 0001549346-19-000025Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001549346-18-000017
- 0001549346-17-000017
- 0001549346-16-000043Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Shutterstock executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/SSTK (accessed 2026).
Short form: data: Velarion
The paid brief for Shutterstock
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Software rankings
Peers Shutterstock discloses
The companies named in SSTK's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}