Netflix CEOs to Have Total Target Compensation of $40 Million Each
December 08 2023 - 6:25PM
Dow Jones News
By Ben Glickman
Netflix co-chief executives Ted Sarandos and Greg Peters will
each have a total target compensation of $40 million in 2024.
The video streaming company said in a regulatory filing Friday
that each co-CEO would make $3 million a year in base salary, and
would have a target bonus of 200% of their pay, or $6 million
each.
Sarandos and Peters will receive time-based restricted stock
awards of $15.5 million and performance-based restricted stock unit
awards of the same amount.
Bonuses under the company's program will be awarded if specific
performance goals are reached.
Finance Chief Spencer Neumann will have a total target
compensation of $15 million, which includes $1.5 million in base
salary, a $3 million target bonus and $10.5 million in stock.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
December 08, 2023 18:10 ET (23:10 GMT)
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