Netflix's Reed Hastings exercised $612 million from stock options in 2020
Reuters
Published Apr 23, 2021 06:35PM ET
(Reuters) - Netflix Inc (NASDAQ:NFLX) co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant.
The company, which crossed 200 million subscribers last year as people sought entertainment from home during the COVID-19-imposed lockdowns, saw its shares rise more than 67% in 2020.
Hastings purchased over 1.33 million Netflix shares last year in the exercising of his stock options, according to a filing.
Graphic: Netflix co-CEO Reed Hastings exercised $612 mln in options in 2020 - https://graphics.reuters.com/NETFLIX-CEO/dgkvlyzwxpb/chart.png
The price at which stock options can be exercised is set in an agreement. The value of shares when the purchase is made could be varying.
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Written By: Reuters
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