Form 4: Netflix Director Richard N. Barton Acquires Stock Options
SEC Filing
Richard N. Barton, a director at Netflix, acquired 83 non-qualified stock options on November 1, 2024.
Summary
- Richard N. Barton, a director of Netflix, filed a Form 4 with the SEC.
- The form reports a transaction that occurred on November 1, 2024.
- Barton acquired 83 non-qualified stock options, each with an exercise price of $756.1.
- The options become exercisable on November 1, 2024, and expire on November 1, 2034.
- Following the transaction, Barton directly owns 83 derivative securities.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock option grant) and doesn't contain information that would significantly shift investor sentiment.
Industry Context
Directors often receive stock options as part of their compensation, aligning their interests with those of shareholders. This is a common practice in the tech industry.
Stakeholder Impact
- The acquisition of stock options aligns the director's interests with shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of earliest transaction: Acquisition of stock options. |
| 11/01/2024 | Options become exercisable. |
| 11/01/2034 | Options expiration date. |
| 11/04/2024 | Date of Form 4 filing. |
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