Reed Hastings and Ted Sarandos, the two top executives at Netflix, saw their overall pay packages drop a bit in 2021 — but they still took home millions.
Hastings’ total compensation package for 2021 was worth $40.8 million, including $39.7 million in stock grants and $650,000 in salary, according to the company’s 2022 proxy statement, filed Friday with the Securities and Exchange Commission. That’s down 6% from the year prior for the co-founder and co-CEO of Netflix.
Sarandos, who serves as co-CEO and chief content officer, earned $38.2 million last year, comprising $20 million in annual salary and $17.1 million in stock — a 2.7% drop from 2020.
For 2022, Sarandos is set to receive $40 million in compensation and Hastings stands to make north of $34 million.
More to come.
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