Form 4: Netflix Co-CEO Peters Reports RSU Vesting, Tax Withholding

Netflix Co-CEO Gregory K. Peters reported the vesting of restricted stock units and subsequent tax-related share withholdings on February 3, 2026, following a prior stock split.

Summary

• Gregory K. Peters, Co-CEO and Director of Netflix Inc. (NFLX), reported transactions on February 3, 2026, involving the vesting of Restricted Stock Units (RSUs) into common stock.
• A total of 54,388 RSUs vested and settled into common stock (25,930 from a 2024 grant, 14,440 from a 2025 grant, and 14,018 from a 2026 grant).
• To cover tax withholding obligations arising from the RSU vesting, 27,076 shares were withheld at a price of $82.76 per share (12,908 shares, 7,189 shares, and 6,979 shares).
• The reported share numbers reflect a ten-for-one forward stock split of Netflix common stock that became effective after market close on November 14, 2025.
• Following these transactions, Peters' direct beneficial ownership of Netflix common stock is 149,452 shares.
• Peters also beneficially owns 154,198 unvested Restricted Stock Units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine executive compensation event, reflecting the scheduled vesting of restricted stock units and associated tax withholdings. It has a neutral impact on the company's operational or financial outlook, but is positive for the insider's personal holdings.

Positives

• Co-CEO Gregory K. Peters received 54,388 shares of Netflix common stock from the vesting of Restricted Stock Units, converting contingent rights into actual equity.

Negatives

• A total of 27,076 shares were withheld to cover tax obligations related to the RSU vesting, a standard practice for executive compensation.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU vesting and tax withholding are standard practices for executive compensation in publicly traded companies, especially prevalent in the tech and entertainment sectors like Netflix. This filing reflects a routine compensation event rather than a strategic business announcement, aligning with typical executive incentive structures.

Comparison to Industry Standards

• RSU vesting and subsequent tax withholdings are standard components of executive compensation packages across various industries, including technology and media. This filing reflects a routine event consistent with common corporate governance and compensation practices for senior executives in large public companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event. The increase in shares outstanding from vesting is typically accounted for in dilution calculations.
• Employees: No direct impact on general employees, as this pertains to executive compensation.

Next Steps

• Future quarterly vesting of remaining Restricted Stock Units will continue as per the terms and conditions of the underlying award agreements.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, specifically the vesting of restricted stock units and subsequent tax withholdings. It does not provide new information regarding Netflix's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing does not present new catalysts for significant price movement.

Keywords

Netflix, NFLX, Insider Trading, Form 4, Gregory K. Peters, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Split