Form 4: Netflix CFO Spencer Neumann Reports Stock Transactions
SEC Form 4 Filing
Netflix CFO Spencer Neumann reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On February 3, 2025, Spencer Neumann, the CFO of Netflix, engaged in transactions involving Netflix common stock and restricted stock units (RSUs).
- Neumann disposed of 438 shares of common stock at a price of $976.76 to cover tax obligations related to vested RSUs.
- He also disposed of 244 shares of common stock at a price of $976.76 to cover tax obligations related to vested RSUs.
- He acquired 878 shares of common stock through the vesting of RSUs.
- He acquired 489 shares of common stock through the vesting of RSUs.
- Following these transactions, Neumann directly owns 4,376 shares of Netflix common stock.
- He also holds 6,148 and 5,381 restricted stock units respectively from grants in January 2024 and January 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Netflix and their executives.
- Companies like Amazon, Apple, and Disney also have similar filings when their executives trade company stock.
- The vesting schedules and RSU grants are typical forms of executive compensation in the tech industry.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Reporting Person was granted 10,538 RSUs, vesting quarterly. |
| 01/23/2025 | Reporting Person was granted 5,870 RSUs, vesting quarterly. |
| 02/03/2025 | Date of earliest transaction: vesting of RSUs and disposal of shares for tax obligations. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Netflix, Spencer Neumann, CFO, Form 4, Stock, RSU, Restricted Stock Units, Insider Trading
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