Form 4: Netflix Director Richard N. Barton Acquires Stock Options
SEC Form 4 Filing
Richard N. Barton, a director of Netflix, acquired 98 non-qualified stock options on June 3, 2024, at an exercise price of $633.79.
Summary
- Richard N. Barton, a Netflix director, filed a Form 4 indicating a change in beneficial ownership.
- On June 3, 2024, Barton acquired 98 non-qualified stock options, each with an exercise price of $633.79.
- These options are exercisable starting June 3, 2024, and expire on June 3, 2034.
- Following the transaction, Barton directly owns 98 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock option grants to a company director, 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 |
|---|---|
| 06/03/2024 | Date of the transaction: Richard N. Barton acquired 98 non-qualified stock options. |
| 06/03/2024 | Options become exercisable. |
| 06/03/2034 | Expiration date of the options. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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