Shutterstock, Inc.'s Board of Directors has approved a stock repurchase program, authorizing the purchase of up to $100 million worth of its common stock
Buybacks
June 7, 2023
Shutterstock, Inc. (SSTK), a partner for transformative brands, digital media, and marketing companies, has recently made an announcement that is expected to provide shareholder value. The company's Board of Directors has approved a stock repurchase program, authorizing the purchase of up to $100 million worth of its common stock.
Under this program, Shutterstock's management has the authority to repurchase shares through open market purchases or privately negotiated transactions at prevailing prices, complying with securities laws and other legal requirements. The timing and quantity of shares repurchased will be determined by the company's management based on various factors, including market conditions. It is important to note that the repurchase program may be suspended or discontinued at any time.
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