Netflix co-CEO exercises RSUs, withholds shares for tax
Netflix co-CEO Gregory K. Peters reported routine equity compensation activity tied to restricted stock units (RSUs).
Rhea-AI Filing Summary
Netflix co-CEO Gregory K. Peters reported routine equity compensation activity tied to restricted stock units (RSUs). On May 4, 2026, RSUs vested and were settled into an aggregate of 54,388 shares of Netflix common stock through derivative exercises coded “M.”
On the same date, a total of 27,076 shares of common stock coded “F” were withheld at $92.06 per share to cover tax withholding obligations arising from the RSU vesting. These are not open-market sales but share dispositions to satisfy taxes, while the remaining vested shares increased his direct ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
54,388 shares exercised/converted
Exercise
9 txns
Insider
Peters Gregory K
Role
Co-CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,920 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,450 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 14,018 | $0.00 | $0.00 |
| Exercise | Common Stock | 25,920 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,450 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,018 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,903 | $92.06 | $1.19M |
| Exercise Price or Tax Liability | Common Stock | 7,194 | $92.06 | $662K |
| Exercise Price or Tax Liability | Common Stock | 6,979 | $92.06 | $642K |
Holdings After Transaction:
Restricted Stock Units — 278,690 contracts (Direct);
Common Stock — 149,452 shares (Direct)
Footnotes (6)
- F1. Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock on a one-for-one basis.
- F2. Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs.
- F3. Each RSU represents a contingent right to receive one share of Netflix common stock.
- F4. On January 25, 2024, the Reporting Person was granted 311,120 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024 (or, to the extent it is not a trading day, the first trading day thereafter).
- F5. On January 23, 2025, the Reporting Person was granted 173,300 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
- F6. On January 22, 2026, the Reporting Person was granted 168,216 RSUs. Subject to the terms and conditions of the underlying award agreement, 1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2026 (or, to the extent it is not a trading day, the first trading day thereafter).
Key Figures
RSU shares converted: 54,388 shares
Shares withheld for tax: 27,076 shares
Withholding price per share: $92.06 per share
+3 more
6 metrics
RSU shares converted
54,388 shares
Common stock received from RSU exercises coded “M” on May 4, 2026
Shares withheld for tax
27,076 shares
Common stock withheld for tax obligations coded “F” on May 4, 2026
Withholding price per share
$92.06 per share
Price used for tax-withholding share dispositions on May 4, 2026
RSU grant 2024
311,120 RSUs
Granted January 25, 2024; 1/12th vests quarterly beginning February 3, 2024
RSU grant 2025
173,300 RSUs
Granted January 23, 2025; 1/12th vests quarterly beginning February 3, 2025
RSU grant 2026
168,216 RSUs
Granted January 22, 2026; 1/12th vests quarterly beginning February 3, 2026
Key Terms
Restricted Stock Units, tax withholding obligations, contingent right, vest on a quarterly basis, +1 more
5 terms
Restricted Stock Units financial
"Reflects restricted stock units (RSUs) that following vesting, settled in shares of Netflix common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs"
contingent right financial
"Each RSU represents a contingent right to receive one share of Netflix common stock"
vest on a quarterly basis financial
"1/12th of the RSUs vest on a quarterly basis beginning on February 3, 2024"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for RSUs settling into common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Netflix (NFLX) co-CEO Gregory K. Peters report?
Gregory K. Peters reported RSU vesting and related share withholding. On May 4, 2026, restricted stock units converted into common shares, and a portion of those shares was automatically withheld to cover tax obligations, all reported as routine compensation-related Form 4 transactions.
What do the RSU grants mentioned in Gregory K. Peters’ Netflix (NFLX) filing represent?
The RSU grants represent equity compensation awards. Footnotes describe grants made in 2024, 2025, and 2026, each vesting quarterly in 1/12th installments beginning in early February of the grant year, with each RSU settling into one share of Netflix common stock upon vesting.
Are Gregory K. Peters’ Netflix (NFLX) RSU transactions part of an ongoing vesting schedule?
Yes. Footnotes explain that RSU grants from 2024, 2025, and 2026 vest quarterly, with 1/12th of each grant vesting beginning in early February following the grant date, indicating an ongoing, scheduled vesting pattern typical for executive equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
