Form 4: Netflix Director Jay C. Hoag Acquires Additional Stock Options
SEC Form 4
Director Jay C. Hoag acquired 113 non-qualified stock options in Netflix on May 1, 2024, at an exercise price of $551.76.
Summary
- On May 1, 2024, Jay C. Hoag, a director of Netflix, acquired 113 non-qualified stock options.
- The exercise price for these options is $551.76.
- The options are exercisable immediately and expire on May 1, 2034.
- Following the transaction, Mr. Hoag directly owns 113 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding a stock option acquisition, which is a neutral event.
Industry Context
This filing is a routine disclosure of a director's stock option acquisition, which is a common practice in publicly traded companies like Netflix to incentivize and align the interests of directors with those of 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: Jay C. Hoag acquired stock options. |
| 05/01/2024 | Options become exercisable. |
| 05/01/2034 | Expiration date of the stock options. |
| 05/02/2024 | Date of report filing. |
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