Form 4: Netflix Co-CEO Gregory K. Peters Reports Stock Transactions

Netflix Co-CEO Gregory K. Peters acquired 20,740 shares of common stock and disposed of 10,158 shares to cover tax obligations on January 7, 2025.

Summary

• On January 7, 2025, Gregory K. Peters, Co-CEO of Netflix, acquired 20,740 shares of Netflix common stock.
• These shares were obtained through the vesting of performance-based restricted stock units (PSUs).
• Also on January 7, 2025, Mr. Peters disposed of 10,158 shares of common stock at a price of $881.79 per share.
• This disposal was to satisfy tax withholding obligations related to the vesting of the PSUs.
• Following these transactions, Mr. Peters beneficially owns 23,532 shares of Netflix common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.

Positives

• The vesting of performance-based restricted stock units indicates that performance targets were met.
• The acquisition of 20,740 shares increases Mr. Peters' direct stake in Netflix.

Negatives

• The disposal of 10,158 shares, while for tax purposes, reduces Mr. Peters' overall holdings.

Risks

• There are no specific risks mentioned in this document.
• The document only details stock transactions by an executive.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It does not indicate any specific trend or event in the industry.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly listed companies like Netflix.
• Similar filings are regularly made by executives at companies such as Amazon (AMZN), Apple (AAPL), and Google (GOOGL).
• The vesting of performance-based restricted stock units is a standard practice for executive compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Netflix, NFLX, Gregory K. Peters, Co-CEO, stock, shares, performance-based restricted stock units, PSUs, tax withholding, insider trading