Getty Images (NYSE: GETY) SVP swaps old options for new grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings, Inc. senior vice president Peter Orlowsky exchanged multiple existing stock options for new options under a company exchange offer. On March 27, 2026, several older options with exercise prices between $1.96 and $4.90 were returned to the issuer, reducing those positions to zero. In their place, he received new stock options for 70,908 shares at $0.75 per share expiring on March 27, 2036 and 52,471 shares at $2.45 per share expiring on March 27, 2026. The filing also states that the number of options originally reported in a March 16, 2023 Form 4 was incorrect and is now corrected.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Orlowsky Peter
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 106,366 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 53,514 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 25,579 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 319,761 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 100,000 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 70,908 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 52,471 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (1)
- Reflects an exchange of existing stock options (the "Eligible Options") for new stock options (the "New Options") issued by Getty Images Holdings, Inc. (the "Company") pursuant to the Company's exchange offer. The material terms of the New Options are described in the Tender Offer Statement on Schedule TO filed by the Company with the Securities and Exchange Commission on March 2, 2026, as amended. Each New Option has the same vesting schedule as the corresponding Eligible Option. The number of options awarded was incorrectly disclosed on the Form 4 filed with the SEC on March 16, 2023. The amount reflected in this Form 4 correctly reflects the number of options awarded to the Reporting Person.
Key Figures
Options disposed at $3.13: 106,366 options
Options disposed at $3.13: 53,514 options
Options disposed at $1.96: 25,579 options
+4 more
7 metrics
Options disposed at $3.13
106,366 options
Exercise price <money>$3.13</money>; expiration <date>February 26, 2027</date>
Options disposed at $3.13
53,514 options
Exercise price <money>$3.13</money>; expiration <date>March 1, 2027</date>
Options disposed at $1.96
25,579 options
Exercise price <money>$1.96</money>; expiration <date>December 11, 2027</date>
Options disposed at $2.74
319,761 options
Exercise price <money>$2.74</money>; expiration <date>April 10, 2029</date>
Options disposed at $4.90
100,000 options
Exercise price <money>$4.90</money>; expiration <date>March 16, 2033</date>
New options at $0.75
70,908 options
Exercise price <money>$0.75</money>; expiration <date>March 27, 2036</date>
New options at $2.45
52,471 options
Exercise price <money>$2.45</money>; expiration <date>March 27, 2026</date>
Key Terms
exchange offer, Tender Offer Statement on Schedule TO, Eligible Options, New Options, +1 more
5 terms
exchange offer financial
"issued by Getty Images Holdings, Inc. (the "Company") pursuant to the Company's exchange offer."
An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.
Tender Offer Statement on Schedule TO regulatory
"described in the Tender Offer Statement on Schedule TO filed by the Company"
A tender offer statement on Schedule TO is a formal regulatory filing that lays out the full terms, timeline, and conditions of a public offer to buy shares from existing shareholders. Think of it as a detailed invitation that explains who is buying, how much they’ll pay, how long the offer runs, and any rules or financing behind it. Investors use it to judge the fairness, likelihood and timing of a buyout and its likely effect on share value and control.
Eligible Options financial
"exchange of existing stock options (the "Eligible Options") for new stock options"
New Options financial
"for new stock options (the "New Options") issued by Getty Images Holdings, Inc."
vesting schedule financial
"Each New Option has the same vesting schedule as the corresponding Eligible Option."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What insider transactions did Getty Images (GETY) report for Peter Orlowsky?
Getty Images reported that senior vice president Peter Orlowsky exchanged several existing stock options for new options on March 27, 2026. Older options were returned to the issuer, and new options with updated exercise prices and expirations were granted under a company exchange offer.
How many new stock options did Peter Orlowsky receive from Getty Images (GETY)?
Peter Orlowsky received 70,908 new stock options with a $0.75 exercise price and 52,471 new options with a $2.45 exercise price. Both are for Getty Images Class A Common Stock and were issued as part of the company’s stock option exchange offer.
What happened to Peter Orlowsky’s existing Getty Images (GETY) stock options?
Existing Getty Images stock options held by Peter Orlowsky, including grants with exercise prices of $3.13, $1.96, $2.74, and $4.90, were disposed of back to the issuer. After these dispositions, reported holdings for those specific option grants were reduced to zero.
What is the purpose of Getty Images’ stock option exchange offer mentioned in the Form 4?
The stock option exchange offer allowed certain existing stock options, called Eligible Options, to be exchanged for New Options. According to the filing, each New Option keeps the same vesting schedule as its corresponding Eligible Option, while other terms such as exercise price and expiration were updated.
Did Getty Images (GETY) correct any prior reporting errors in this Form 4?
Yes. The filing states that the number of options previously disclosed in a Form 4 filed on March 16, 2023 was incorrect. The current Form 4 clarifies that the amounts now shown accurately reflect the number of stock options awarded to Peter Orlowsky.
What are the expiration dates of Peter Orlowsky’s new Getty Images (GETY) stock options?
The new options for 70,908 shares at a $0.75 exercise price expire on March 27, 2036. The new options for 52,471 shares at a $2.45 exercise price have an expiration date of March 27, 2026, as disclosed in the Form 4.