Form 4: Netflix Director Bradford L. Smith Acquires Stock Options
SEC Form 4 Filing
Bradford L. Smith, a director at Netflix, acquired 113 non-qualified stock options on May 1, 2024, at an exercise price of $551.76.
Summary
- On May 1, 2024, Bradford L. Smith, a director of Netflix, acquired 113 non-qualified stock options.
- The exercise price for these options is $551.76.
- The options are exercisable from May 1, 2024, and expire on May 1, 2034.
- Following the transaction, Smith directly owns 113 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 is a routine disclosure of stock option grants to a company director, a common practice in publicly traded companies like Netflix 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 |
|---|---|
| 05/01/2024 | Date of transaction: Bradford L. Smith acquired 113 non-qualified stock options. |
| 05/01/2024 | Date the options become exercisable. |
| 05/01/2034 | Expiration date of the options. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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