Streaming video giant Netflix disclosed the compensation packages it has in the works for CEO Reed Hastings and Chief Content Officer Ted Sarandos, with both executives on track to do well in 2017. According to The Hollywood Reporter, the plan calls for more stock options for Hastings and a higher target bonus for Sarandos.
“Hastings is scheduled to make a salary of $850,000 in the new year, down from $900,000 in 2016, with a stock option allowance of as much as $21.2 million, up from $19.0 million, according to a regulatory filing on Thursday,” THR reports.
Total compensation for Hastings promises to be more than $22 million in 2017, up from $19.9 million in 2016. Sarandos, meanwhile, could make $21 million, up from $16.8 million.
Sarandos “will see his base salary in 2017 remain at $1 million just like in 2016 and 2015,” THR notes. “His stock option allowance for the new year drops to $11.0 million from $11.8 million, but his target bonus jumps from $4 million to $9 million.”