Getty Images (GETY) chief of staff swaps option grants in exchange offer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Images Holdings, Inc. Chief of Staff Michael Teaster exchanged several existing stock options for new options under a company exchange offer. On March 27, 2026, he returned stock options covering 132,901 and 295,677 shares of Class A Common Stock at a $3.13 exercise price and 216,407 shares at $7.82 per share to the issuer. In the same exchange, he received new options covering 7,981 shares at an exercise price of $0.75 and 212 shares at $3.909 per share, each with a March 27, 2036 expiration date and the same vesting schedule as the corresponding surrendered options.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Teaster Michael
Role
Chief of Staff
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 132,901 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 295,677 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 216,407 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 7,981 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 212 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Options surrendered at $3.13: 132,901 shares
Additional options surrendered at $3.13: 295,677 shares
Options surrendered at $7.82: 216,407 shares
+2 more
5 metrics
Options surrendered at $3.13
132,901 shares
Stock options disposed to issuer at $3.13 exercise price on March 27, 2026
Additional options surrendered at $3.13
295,677 shares
Second block of options disposed to issuer at $3.13 on March 27, 2026
Options surrendered at $7.82
216,407 shares
Stock options disposed to issuer at $7.82 exercise price on March 27, 2026
New options granted at $0.75
7,981 shares
New stock option grant, exercise price $0.75, expiring March 27, 2036
New options granted at $3.909
212 shares
New stock option grant, exercise price $3.909, expiring March 27, 2036
Key Terms
Stock Option (Right to Buy), Disposition to issuer, exchange offer, Tender Offer Statement on Schedule TO, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
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.
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 did Getty Images (GETY) executive Michael Teaster report in this Form 4?
Michael Teaster reported an exchange of stock options with Getty Images Holdings, Inc. He surrendered several existing options back to the company and received new replacement options under a company exchange offer, keeping the same vesting schedules on the new awards.
How many Getty Images (GETY) options did Michael Teaster surrender to the issuer?
He surrendered options covering 132,901 and 295,677 shares of Class A Common Stock at a $3.13 exercise price, plus 216,407 shares at a $7.82 exercise price. All three transactions were coded as dispositions to the issuer rather than market sales.
What new Getty Images (GETY) stock options did Michael Teaster receive?
He received new stock options covering 7,981 shares of Class A Common Stock with a $0.75 exercise price and 212 shares with a $3.909 exercise price. Both new grants expire on March 27, 2036 and follow the same vesting schedule as the exchanged options.
Was Michael Teaster’s Getty Images (GETY) Form 4 an open-market stock trade?
No. The Form 4 reflects an internal exchange of stock options with the issuer, not open-market buying or selling of common shares. Options were surrendered to the company and new options granted under a specified exchange offer program.
What is the purpose of the Getty Images (GETY) option exchange mentioned in the Form 4 footnote?
The footnote explains that existing options, called Eligible Options, were exchanged for New Options issued under a company exchange offer. The material terms of these New Options are described in Getty Images’ Tender Offer Statement on Schedule TO filed on March 2, 2026.