Form 4: Netflix Director Anne M. Sweeney Reports Stock Option Grant
SEC Form 4 Filing
Anne M. Sweeney, a director at Netflix, reported the acquisition of non-qualified stock options on July 1, 2024.
Summary
- On July 1, 2024, Anne M. Sweeney, a director of Netflix, acquired 93 non-qualified stock options.
- The exercise price of these options is $673.61.
- The options become exercisable on July 1, 2024, and expire on July 1, 2034.
- Following the transaction, Sweeney directly owns 93 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding stock option grants, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, which is a common practice in publicly traded companies to align the interests of management and shareholders.
Stakeholder Impact
- The granting of stock options to directors is intended to align their interests with those of shareholders, incentivizing them to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of earliest transaction: Acquisition of non-qualified stock options. |
| 07/01/2024 | Options become exercisable. |
| 07/01/2034 | Options expiration date. |
| 07/02/2024 | Date of signature. |
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