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

© Reuters. FILE PHOTO: Reed Hastings attends the inauguration of Netflix new workplaces in Paris

(Reuters) – Netflix Inc (NASDAQ:) co-Chief Government Officer Reed Hastings realized $612.13 million from exercising his inventory choices in 2020, a yr of bumper subscription development for the video-streaming large.

The corporate, which crossed 200 million subscribers final yr as folks sought leisure from residence through 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 response to a submitting.

Graphic: Netflix co-CEO Reed Hastings exercised $612 mln in choices in 2020 –

The worth at which inventory choices might be exercised is about in an settlement. The worth of shares when the acquisition is made could possibly be various.

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