Form 4: Netflix Chief Legal Officer David Hyman Reports Stock Transactions
SEC Form 4 Filing
David Hyman, Chief Legal Officer of Netflix, reports the vesting and sale of restricted stock units (RSUs) and associated tax withholding.
Summary
- On May 3, 2024, David Hyman, the Chief Legal Officer of Netflix, reported transactions involving Netflix common stock.
- 544 restricted stock units (RSUs) vested and were settled for shares of Netflix common stock.
- 276 shares were withheld to cover tax obligations related to the vesting of the RSUs at a price of $579.34.
- 268 shares were sold at a price of $593.62.
- Following these transactions, Hyman directly owns 31,610 shares of Netflix common stock and 5,437 restricted stock units.
- The RSUs were granted on January 25, 2024, with 1/12th vesting quarterly starting February 3, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine stock activity by an executive.
Key Dates
| Date | Description |
|---|---|
| January 25, 2024 | Date the Reporting Person was granted 6,524 RSUs. |
| February 3, 2024 | Start date for quarterly vesting of 1/12th of the RSUs. |
| May 03, 2024 | Date of the reported transactions: vesting of RSUs, tax withholding, and sale of shares. |
| May 06, 2024 | Date of signature for the Form 4 filing. |
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