© Reuters. FILE PHOTO: Reed Hastings attends the inauguration of Netflix new offices in Paris

(Reuters) – Netflix Inc (NASDAQ:) 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here