Netflix’s Reed Hastings exercised $612 million from inventory choices in 2020

Netflix co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his inventory choices in 2020, a yr of bumper subscription development for the video-streaming big. The firm, which crossed 200 million subscribers final yr as individuals sought leisure from dwelling throughout the Covid-19-imposed lockdowns, noticed its shares rise greater than 67% in 2020. Hastings bought over 1.33 million Netflix shares final yr within the exercising of his inventory choices, in keeping with a submitting. The value at which inventory choices might be exercised is ready in an settlement. The worth of shares when the acquisition is made could possibly be various.