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Netflix's Ted Sarandos Could Get $20 Million in Options in 2022

Netflix co-CEO Ted Sarandos arrives for the AFI Fest screening of Netflix's "Bruised" at TCL Chinese Theatre in Hollywood, California on November 13, 2020.
Netflix co-CEO Ted Sarandos (Image credit: Robyn Beck / AFP via Getty Images)

Netflix said co-CEO and chief content officer Ted Sarandos has been allocated $20 million in stock options for 2022, on top of his $20 million salary.

The options allocation is much bigger than for 2021, when Sarandos’ stock options were pegged at $14.6 million, according to an SEC filing Tuesday.

Co-CEO Reed Hastings salary was at $650,000 with $34 million in stock options, just like a year ago.

Other named Netflix executives are also set to get bigger paydays in 2022.

CFO Spencer Neumann’s 2022 salary rises to $7 million from $6 million a year ago. His stock option allocation rises to $7 million from $5.550 million.

Greg Peter, Netflix’s chief product officer sees his salary jumping to $16 million from $12 million, with his option allocation increasing to $8 million  from $6.9 million.

David Hyman, chief legal officer and secretary, will get $6 million in salary, up from $4.725 million, and $5 million in options, up from $4.725 million.

Netflix also disclosed that Rachel Whetstone, chief communications officer, will have a salary of $5.5 million and options worth $1 million. Her pay plan was not disclosed last year.

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.