Form 4: Netflix Director Jay C. Hoag Acquires Stock Options
SEC Form 4 Filing
Director Jay C. Hoag acquired 88 non-qualified stock options in Netflix on October 1, 2024.
Summary
- On October 1, 2024, Jay C. Hoag, a director of Netflix, acquired 88 non-qualified stock options.
- The exercise price of these options is $706.13.
- The options became exercisable on October 1, 2024, and will expire on October 1, 2034.
- Following this transaction, Hoag directly owns 88 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 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 shareholders, potentially encouraging decisions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of earliest transaction: Acquisition of stock options |
| 10/01/2024 | Options become exercisable |
| 10/01/2034 | Options expiration date |
| 10/02/2024 | Date of Form 4 filing |
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