Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. REUTERS/Gonzalo Fuentes
Netflix Inc (NFLX.O) 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 link: (https://tmsnrt.rs/3neR4Hn)
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.
Our Standards: The Thomson Reuters Trust Principles.
The acquisition adds approximately $500 million in nonmedical benefits premium, technology and employees, while leaving…
The Idaho builder’s HomeFest combines model-home tours with seasonal entertainment, while its reported sales increase…
Brokers and investors who add DXBinteract can ask either assistant what Dubai properties sold for,…
“I believe that the change will be felt by everyone, from the drivers to the…
The Georgia businesses cite repeat Inc. 5000 recognition and a regional ENR ranking as milestones,…
The creator economy has moved well beyond the era when social media personalities were primarily…