Form 4: Netflix Co-CEO Gregory Peters Reports Stock Transactions
SEC Form 4 Filing
Gregory Peters, Co-CEO of Netflix, reports the vesting of restricted stock units, subsequent sale of shares, and tax withholding related to these transactions.
Summary
- On May 5, 2025, Gregory Peters, Co-CEO of Netflix, reported the vesting of 2,593 and 1,444 restricted stock units (RSUs) which settled into shares of Netflix common stock.
- Shares were withheld to cover tax obligations arising from the vesting of these RSUs.
- On May 6, 2025, Peters sold 2,027 shares of common stock at a weighted average price of $1,141.5111 per share.
- Following these transactions, Peters directly owns 12,781 shares of Netflix common stock and 14,442 and 15,556 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects routine stock transactions by a company executive, which is generally neutral. The transactions are part of a pre-existing compensation plan, suggesting stability and alignment with company goals.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the Co-CEO of Netflix, when they conduct transactions in their company's stock. It provides transparency to investors regarding the trading activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like Netflix, Amazon, Apple, and Disney.
- The vesting schedules and trading activities are typical for executive compensation packages, which often include stock options and restricted stock units.
- The reporting requirements and timelines are consistent across all companies subject to SEC regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| January 25, 2024 | Reporting Person was granted 31,112 RSUs, vesting quarterly beginning February 3, 2024. |
| January 23, 2025 | Reporting Person was granted 17,330 RSUs, vesting quarterly beginning February 3, 2025. |
| February 3, 2025 | Start date for quarterly vesting of RSUs granted on January 23, 2025. |
| May 5, 2025 | Vesting of 2,593 and 1,444 RSUs, shares withheld for taxes. |
| May 6, 2025 | Sale of 2,027 shares at an average price of $1,141.5111. |
| May 7, 2025 | Date of signature for the Form 4 filing. |
Keywords
Netflix, Gregory Peters, Stock Transactions, Form 4, RSUs, Co-CEO, Vesting, Sale of Shares, Tax Withholding
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