Netflix Sets 2024 Pay Packages Worth $40M Each For Co-CEOs Ted Sarandos, Greg Peters
deadline.comNetflix said today it plans to award its co-chief operating officers identical compensation packages for 2024 worth $40 million each.
Ted Sarandos and Greg Peters will receive a $3 million base salary; a target bonus of $6 million; a RSU award with a total value of $15.5 million and a PSU award also valued at $15 million.
The RSUs are time-based restricted stock units. PSUs are performance-based restricted stock units. Netflix calls the packages total target compensation.
The numbers in an SEC filing reflect changes in the way Netflix pays its top executives. For one, the board no longer allows execs to chose whether they prefer to be paid in cash or stock. “Historically, Executive Officers have been permitted to allocate compensation to cash salary and stock options.
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