Form 4: Netflix CFO Spencer Neumann Reports Stock Transactions
SEC Form 4
Netflix CFO Spencer Neumann reported the vesting of restricted stock units and subsequent tax withholding.
Summary
- On May 3, 2024, Spencer Neumann, the CFO of Netflix, reported transactions involving Netflix common stock.
- 878 restricted stock units (RSUs) vested and settled into shares of Netflix common stock on a one-for-one basis.
- 314 shares were withheld to satisfy tax obligations related to the vesting of these RSUs at a price of $579.34.
- Following these transactions, Neumann directly owns 564 shares of Netflix common stock and 8,782 restricted stock units.
- Neumann was granted 10,538 RSUs on January 25, 2024, which vest quarterly, with 1/12th vesting on the 3rd of February and each quarter thereafter.
Sentiment
Score: 5
Explanation: This is a neutral event reflecting standard executive compensation practices.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 01/25/2024 | Reporting Person was granted 10,538 RSUs |
| 02/03/2024 | 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 |
| 05/03/2024 | Date of transaction: vesting of RSUs and tax withholding |
| 05/06/2024 | Date of signature on the Form 4 filing |
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