Netflix’s Reed Hastings exercised $ 612 million in stock options in 2020
© Reuters. FILE PHOTO: Reed Hastings attends the inauguration of Netflix’s new Paris office
(Reuters) – Reed Hastings, co-chief executive officer of Netflix Inc (NASDAQ :), 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 reached 200 million subscribers last year as people sought entertainment from home during the lockdowns imposed by COVID-19, saw its shares rise more than 67% in 2020.
Hastings purchased over 1.33 million Netflix shares in the exercise of its stock options last year.
Graphic: Reed Hastings, Co-CEO of Netflix, exercised options worth $ 612 million 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 the shares upon purchase may vary.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.