Research Summary
AI-generated summary of this SEC filing
Netflix Director Susan E. Rice Receives 852-Share Award
What Happened
Susan E. Rice, a director of Netflix, received 852 shares through a grant/award (reported as a derivative acquisition) on August 3, 2026. The shares were reported at $0.00 per share (total $0), which typically indicates an award settlement such as vested restricted stock units rather than an open-market purchase.
Key Details
- Transaction date: 2026-08-03; Filing date (Form 4): 2026-08-04 (timely filing).
- Transaction type/code: A (Grant/award or other acquisition of a derivative security).
- Shares acquired: 852; reported acquisition price: $0.00 (total reported value $0).
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Notable footnotes: None included in the provided data.
- Timeliness: Filing appears timely (reported the next day); not marked as late.
Context
An "A" derivative transaction for $0.00 most often reflects compensation-related awards (e.g., RSU vesting or restricted stock settlement). Such awards are part of director compensation and do not carry the same informational weight as open-market purchases or sales for signaling personal conviction. They are routine corporate compensation events and should be interpreted as such.