Reed Hastings, chairman and CEO of Netflix, and chief content officer Ted Sarandos will each receive salary and stock-option grants worth about 31.5 million in 2019, according to the company.
Netflix disclosed the annual salaries and stock option allocations, as established by its board of directors, inan SEC filing Friday.
Hastings will receive a700,000 annual salary and 30.8 million in stock options, per the filing. For 2018, he was granted an estimated 28.7 million in stock options for 2018 in addition to an annual salary of 700,000.
Sarandos will have 18 million in base salary in 2019 — up from his 12 million salary this year — as well as 13.5 million in stock (vs. 14.25 million this year).
Greg Peters, Netflix’s chief product officer, will receive 10 million in base salary and 6.8 million in stock options for 2019.
In addition, outgoing CFO David Wells is to receive a base salary of 3.5 million and stock worth 2.8 million, while general counsel David Hyman will have a 2019 salary of 3.5 million and 3.85 million in stock options.
Note that the salary and stock-option allocations don’t reflect total compensation for the execs,which may include bonuses and other compensation.
Netflix said the number of options granted to the execs each each month will be determined based on the fair market value on the date of grant multiplied by 0.4. The stock options are granted fully vested and can generally be exercised up to 10 years following the date of grant, regardless of employment status.
Posted by grandybigs
on 28 Dec 2018, 6:42 PM
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