Netflix’s Reed Hastings exercised $ 612 million stock options in 2020 By Reuters


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

(Reuters) – Netflix Inc (NASDAQ 🙂 co-CEO Reed Hastings earned $ 612.13 million for exercising his stock options in 2020, a year of extraordinary growth in the video streaming giant’s subscriptions. The company, which surpassed 200 million subscribers last year when people sought out home entertainment during lockdowns imposed by COVID-19, saw its shares rise more than 67% in 2020. Hastings bought more than 1.33 million shares of Netflix last year in the exercise of its stock options, according to a filing. Chart: Netflix Co-CEO Reed Hastings exercised $ 612 million in options in 2020: The price at which options can be exercised on actions is established in an agreement. The value of the shares when the purchase is made may vary.

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