Netflix officer exercises RSUs, pays taxes in shares
Netflix Inc. Chief Global Affairs Officer Cletus R. Willems reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
Netflix Inc. Chief Global Affairs Officer Cletus R. Willems reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 4, 2026, he acquired 6,168 shares of common stock through the vesting and settlement of RSUs and delivered 3,027 shares at $92.06 per share to cover tax obligations. Following these transactions, he directly holds 6,168 Netflix common shares. The RSU grants were originally awarded on April 28, 2025 (37,910 and 16,110 RSUs) and January 22, 2026 (18,450 RSUs), each vesting quarterly over multi‑year schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,168 shares exercised/converted
Exercise
9 txns
Insider
Willems Cletus R
Role
Chief Global Affairs Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,160 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,470 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,538 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,160 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,470 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,538 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,550 | $92.06 | $143K |
| Exercise Price or Tax Liability | Common Stock | 722 | $92.06 | $66K |
| Exercise Price or Tax Liability | Common Stock | 755 | $92.06 | $70K |
Holdings After Transaction:
Restricted Stock Units — 46,285 contracts (Direct);
Common Stock — 3,141 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 April 28, 2025, the Reporting Person was granted 37,910 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will vest on a quarterly basis beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter).
- F5. On April 28, 2025, the Reporting Person was granted 16,110 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/11th of the RSUs will vest on a quarterly basis beginning on May 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 18,450 RSUs. Subject to the terms and conditions of the underlying award agreements, 1/12th of the RSUs will 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 settled: 6,168 shares
Shares withheld for taxes: 3,027 shares at $92.06
Common shares held after: 6,168 shares
+5 more
8 metrics
RSU shares settled
6,168 shares
Common stock acquired through RSU settlement on May 4, 2026
Shares withheld for taxes
3,027 shares at $92.06
Tax-withholding dispositions of common stock linked to RSU vesting
Common shares held after
6,168 shares
Direct Netflix common stock holdings following reported transactions
RSU grant size
37,910 RSUs
Grant dated April 28, 2025, vesting 1/12 quarterly from May 3, 2025
RSU grant size
16,110 RSUs
Grant dated April 28, 2025, vesting 1/11 quarterly from May 3, 2025
RSU grant size
18,450 RSUs
Grant dated January 22, 2026, vesting 1/12 quarterly from February 3, 2026
RSUs remaining (grant 1)
15,375 RSUs
Restricted stock units outstanding after transactions for first referenced grant
RSUs remaining (grant 2)
8,790 RSUs
Restricted stock units outstanding after transactions for second referenced grant
Key Terms
restricted stock units, RSUs, tax withholding obligations, contingent right, +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.
RSUs financial
"On April 28, 2025, the Reporting Person was granted 37,910 RSUs"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
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"
trading day financial
"Beginning on May 3, 2025 (or, to the extent it is not a trading day, the first trading day thereafter)"
A trading day is a calendar day when a stock exchange is open and securities can be bought or sold during its set market hours, like a store’s regular business hours. It matters to investors because price changes, order execution, daily volume, and settlement timing are tied to trading days, so performance, deadlines for trades or option expirations, and short-term strategies are measured and planned around them.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Netflix (NFLX) report for Cletus R. Willems?
Netflix reported that Chief Global Affairs Officer Cletus R. Willems had RSUs vest into 6,168 common shares, while 3,027 shares were withheld at $92.06 each to satisfy tax obligations. These were compensation-related events rather than open-market trades.
What RSU grants underpin the reported Netflix (NFLX) Form 4 transactions?
The Form 4 references RSU grants of 37,910 and 16,110 units awarded on April 28, 2025, and 18,450 units awarded on January 22, 2026. These RSUs vest quarterly over periods of 11 or 12 installments, each unit settling into one Netflix common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
