Form 4: Netflix Director Bradford L. Smith Acquires 93 Stock Options
SEC Form 4 Filing
Bradford L. Smith, a director at Netflix, acquired 93 non-qualified stock options on September 3, 2024, at a price of $675.32 per share.
Summary
- On September 3, 2024, Bradford L. Smith, a director of Netflix, acquired 93 non-qualified stock options.
- The exercise price for these options is $675.32 per share.
- The options are exercisable starting September 3, 2024, and expire on September 3, 2034.
- Following this transaction, Smith directly owns 93 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding stock option acquisition. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of stock option grants to a company director, a common practice in publicly traded companies to incentivize and align the interests of management with shareholders.
Stakeholder Impact
- The acquisition of stock options by a director can align their interests with those of shareholders, potentially encouraging decisions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of earliest transaction: Acquisition of 93 non-qualified stock options. |
| 09/03/2024 | Options become exercisable. |
| 09/03/2034 | Expiration date of the options. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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