Willems Cletus R 4
4 · NETFLIX INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Netflix (NFLX) Chief Global Affairs Officer Cletus Willems Receives RSUs
What Happened
Cletus R. Willems, Netflix’s Chief Global Affairs Officer, had RSUs vest on February 3, 2026. A total of 6,157 RSUs converted into common shares. To satisfy tax withholding obligations, 3,021 shares were withheld at $82.76 per share for a total withholding of $250,018. After withholding, Willems received a net of 3,136 shares. This was a vesting/settlement of awards, not an open-market purchase or sale.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 4, 2026 (timely).
- Vesting/Conversion (code M): 6,157 RSUs converted to shares (3,160 + 1,460 + 1,537).
- Tax withholding (code F): 3,021 shares withheld (1,550 + 717 + 754) at $82.76/share = $250,018.
- Net shares delivered to insider: 3,136.
- Shares owned after transaction: not specified in the filing.
- Footnotes: RSUs settle one-for-one into common stock (F1, F3); withheld shares used to satisfy tax obligations (F2). Grants noted in filing: Apr 28, 2025 (37,910 and 16,110 RSUs) and Jan 22, 2026 (18,450 RSUs) with quarterly vesting schedules (F4–F6).
- Filing adjusted for a 10-for-1 forward stock split effective Nov 14, 2025 (remark).
Context
RSUs are a form of compensation that convert to company shares upon vesting; this filing shows settlement of vested RSUs and routine share withholding to cover tax liabilities (a common, administrative action). The derivative code M here represents conversion/settlement of the RSUs; code F reflects shares withheld for taxes. Such withholding is not the same as an open-market sale and does not necessarily indicate the insider’s view of the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-03+3,160→ 3,160 total - Exercise/Conversion
Common Stock
[F1]2026-02-03+1,460→ 4,620 total - Exercise/Conversion
Common Stock
[F1]2026-02-03+1,537→ 6,157 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−1,550$128,278→ 4,607 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−717$59,339→ 3,890 total - Tax Payment
Common Stock
[F2]2026-02-03$82.76/sh−754$62,401→ 3,136 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-02-03−3,160→ 25,280 total→ Common Stock (3,160 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-02-03−1,460→ 10,260 total→ Common Stock (1,460 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6]2026-02-03−1,537→ 16,913 total→ Common Stock (1,537 underlying)
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).