First and foremost, the number of free shares is reduced for lack of alternatives to invest the money generated elsewhere. For example, in research and development.
Another reason often cited is the "visual" increase in the value of the company. This, and of course the shortage of free shares, can be interpreted as a defense against hostile takeovers.
Furthermore, the reduction of the sum of dividends to be paid out can be mentioned.
Most often, this behavior occurs in an economic downturn and / or the saturation phase of the corporate cycle. In other words: Shutterstock's up-and-coming time is over and the company's management has finally realized this.
These are the usual suspects.
Another reason often cited is the "visual" increase in the value of the company. This, and of course the shortage of free shares, can be interpreted as a defense against hostile takeovers.
Furthermore, the reduction of the sum of dividends to be paid out can be mentioned.
Most often, this behavior occurs in an economic downturn and / or the saturation phase of the corporate cycle. In other words: Shutterstock's up-and-coming time is over and the company's management has finally realized this.
These are the usual suspects.

