Netflix said co-founder and CEO Reed Hastings' baseline salary would be $1 million in 2015 -- down from $3 million this year -- in a regulatory filing.
At the same time, Hastings had an annual stock-option allowance worth up to $13.7 million of shares, per Netflix's filing.
Also in the 8-K filing, Netflix said CFO David Wells would receive $2 million in salary and up to $1.675 million value in the company's stock-option allowance. Chief content officer Ted Sarandos, with a $1 million salary, will receive $9.6 million value in stock options as well as up to $2 million in bonus for 2015.
In other compensation: Netflix chief product officer Neil Hunt stands to receive $1 million in salary as well as $1.87 million worth of stock options and up to $5 million in bonus. Greg Peters, chief of Netflix's streaming and partnerships office, will earn $1 million as well as 2.725 million stock options and a potential $1 million bonus, according to the company's regulatory filing.
© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC
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