• | | for Mr. Peters, consideration was given to his role as Chief Operating Officer, in addition to his role as Chief Product Officer, and that the Compensation Committee did not increase his allocatable compensation upon his appointment in 2020 as Chief Operating Officer or in 2021. The Compensation Committee also considered his performance in developing and deploying our increasingly complex engineering systems to support our continued expansion and languages, new entertainment offerings such as games, and new product offerings to enhance user experience, as well as the continued market demand for engineering talent. His allocatable compensation was increased from $18,900,000 to $24,000,000 for 2022. for Mr. Neumann, consideration was given to competitive market compensation paid by other similarly-situated companies and that the Compensation Committee did not increase his compensation in 2021. The Compensation Committee also considered
| his experience in leading a financial organization in the media industry, as well as the increasing complexity of our financial reporting as we engage in original productions around the globe.introduced games and made a number of acquisitions. Mr. Neumann’s allocatable compensation was increased from $9,524,000$11,550,000 to $11,000,000$14,000,000 for 2020.2022. |
• | | for Mr. Peters, consideration was given to his performance in developing and deploying our increasingly complex engineering systems to support our continued expansion into new jurisdictions and languages and new product offerings to enhance user experience, as well as the continued market demand for engineering talent. His allocatable compensation was increased from $16,000,000 to $18,000,000 for 2020. Mr. Peters’ allocatable compensation was not increased when he was promoted to Chief Operating Officer in July 2020 and he also continues to retain his role as Chief Product Officer.
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• | | for Mr. Hyman, consideration was given to his performance in managing and developing a global legal and public policy function, and his allocatable compensation was increased from $7,000,000 to $9,000,000 for 2020.
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for Ms. Whetstone, consideration was given to competitive market compensation paid by other similarly-situated companies and that the Compensation Committee did not increase her compensation in 2021. The Compensation Committee also considered her deep knowledge and international experience in leading global communications. Her allocatable compensation was increased from $5,250,000 to $6,500,000 for 2022. • | | for Ms. Whetstone, consideration was given to her deep knowledge and international experience in leading global communications, as we expand our original content around the globe. Her allocatable compensation was increased from $3,500,000 to $5,000,000 for 2020.
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Individual employee performance, including that of our Named Executive Officers, is evaluated on an ongoing basis. To the extent such performance exceeds or falls short of our performance values, we may take action that includes, in the case of star performers, promotions or increases in compensation or, in the case of under performers,underperformers, demotion, a reduction in compensation or termination. After considering the above, in 2020,In 2022, the compensation components for our Named Executive Officers were as follows. Please see the Summary Compensation Table provided in this Proxy Statement for a complete description of the compensation of our Named Executive Officers:
| Name and Position | | 2020 Total Annual Stock Option Allocation,
with 1/12 granted monthly ($)(1) | | 2020 Annual Cash Salary ($) | | 2022 Total Annual Stock Option Allocation, with 1/12 granted monthly ($)(2) | | | 2022 Annual Cash Salary ($) | | | Reed Hastings, Co-Chief Executive Officer, President, and Chairman of the Board | | | 34,000,000 | | | | 650,000 | | | Reed Hastings, co-Chief Executive Officer, President, and Chairperson of the Board | | | | 34,000,000 | | | | 650,000 | | | Ted Sarandos, Co-Chief Executive Officer and Chief Content Officer | | | 14,650,000 | | | | 20,000,000 | | | Ted Sarandos, co-Chief Executive Officer and Chief Content Officer | | | | 20,000,000 | | | | 20,000,000 | | | Greg Peters, Chief Operating Officer and Chief Product Officer | | | | 8,000,000 | | | | 16,000,000 | | | Spencer Neumann, Chief Financial Officer | | | 5,500,000 | | | | 6,050,000 | | | | 7,000,000 | | | | 7,000,000 | | | Greg Peters, Chief Operating Officer and Chief Product Officer | | | 6,900,000 | | | | 12,000,000 | | | | David Hyman, Chief Legal Officer | | | 3,950,000 | | | | 5,500,000 | | | | 5,000,000 | | | | 6,000,000 | | | Rachel Whetstone, Chief Communications Officer | | | 450,000 | | | | 4,800,000 | | | | 1,000,000 | | | | 5,500,000 | |
| (1) | | Titles reflect the positions held by each Named Executive Officer on December 31, 2022. |
| (2) | | The dollar amounts set forth in this column are different than the amounts in the “Option Awards” column of the Summary Compensation Table becauseTable. The difference arises as the amounts in this column are reflective of the total compensation amount attributable to stock option grants, rather thanallocation in the accounting valuation whichtable above is reflectedthe amount used to determine the number of options granted, whereas the dollar values of stock option grants in the Summary Compensation Table. IncludesTable reflects their grant date fair value under generally accepted accounting principles in the annual stock option allowance of 5% of allocatable compensation.U.S. |
Method for determining monthly stock option grants After the total annual stock option allocation is established, our Named Executive Officers receive monthly option grants pursuant to our monthly stock option program, which is applicable to the majority of our employees. Under this program, eligible employees, including our Named Executive Officers, receive on the first trading day of the month fully vested options granted at fair market value as reflected by the closing price of our stock on the date of the option grant. The number of stock options granted monthly fluctuates based on the closing price of our stock on the date of the option grant. In 2020,2022, the actual number of options granted to our Named Executive Officers each month was determined by the following formula: (The amount of an employee’s total annual stock option allocation/12) / ([the closing price of our stock on the date of option grant] x 0.40). 
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For stock option accounting purposes, the dollar values of stock options granted by the Company, as reflected in the Summary Compensation Table below, are different than the dollar values of the total annual stock option allocation in the table above. The difference arises as the stock option allocation in the table above is the amount used to determine the number of options granted, whereas the dollar values of stock option grants in the Summary Compensation Table reflects their grant date fair value under generally accepted accounting principles in the accounting rules.U.S. | | | | | | 48 | | 
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| | | | | | | Compensation Discussion and Analysis |
Named Executive Officer Compensation for 20212023 Compensation for our Named Executive Officers for 2021 remained flat as compared to 2020. Our Named Executive Officers continued to execute our strategies and deliver strong performance throughout 2020 amidst the continuously evolving and challenging environment. Nonetheless, given the COVID-19 pandemic and related economic challenges, the Compensation Committee determined not to make any changes to executive compensation for 2021. Allocatable compensation for our Named Executive Officers in 20212023 was determined in consultation with Compensia. For the fiscal year ending December 31, 2021,2023, the compensation components for our Named Executive Officers serving in 20212022 are being allocated as follows, based on the methods described above. BeginningIn January 2023, Reed Hastings transitioned from co-Chief Executive Officer to Executive Chairman, and Greg Peters was promoted to co-Chief Executive Officer and President. The Compensation Committee adjusted Reed Hastings’ and Greg Peters’ compensation in 2021, in an effort to maximize flexibility and personal choiceconnection with these executive transitions, as reflected below. Allocatable compensation for our employees,other Named Executive Officers remained flat as compared to 2022. As discussed above, we have adopted the minimum annual stock option allowance (generally based upon 5% of total allocatable compensation) has been eliminated for most employees and the value has been addedfollowing changes to the employees’ total2023 compensation program for the co-Chief Executive Officers and Executive Chairman: (1) a minimum 50% allocation of the officer’s allocatable compensation.compensation to stock options, (2) a salary cap of $3 million in the case of the co-Chief Executive Officers, (3) a portion of allocatable compensation not allocated to stock options and in excess of the applicable salary cap will be subject to the Bonus Program with the estimated target bonus levels indicated below, and (4) the stock options will be subject to a one-year vesting period.
| Name and Position | | 2021 Annual Stock Option
Allocation ($) | | 2021 Annual Stock
Option Allocation
as percentage of
Allocatable
Compensation (%) | | 2021 Annual
Salary ($) | | 2021 Annual
Salary as
Percentage of
Allocatable
Compensation
(%) | | 2023 Annual Stock Option
Allocation ($) | | 2023 Annual Stock
Option Allocation
as percentage of
Allocatable
Compensation (%) | | 2023 Annual
Salary ($) | | 2023 Annual
Salary as
Percentage of
Allocatable
Compensation
(%) | | 2023 Estimated
Target Bonus ($) | | 2023
Estimated
Target Bonus
as
percentage of
Allocatable
Compensation
(%) | | Reed Hastings, Co-Chief Executive Officer, President, and Chairman of the Board | | | 34,000,000 | | | | 98.1 | | | | 650,000 | | | | 1.9 | | | Reed Hastings, Executive Chairman of the Board(2) | | | | | 2,500,000 | | | | | 83.3 | | | | | 500,000 | | | | | 16.7 | | | | | — | | | | | — | | | Ted Sarandos, Co-Chief Executive Officer and Chief Content Officer | | | 14,650,000 | | | | 42.3 | | | | 20,000,000 | | | | 57.7 | | | Ted Sarandos, co-Chief Executive Officer and President | | | | | 20,000,000 | | | | | 50.0 | | | | | 3,000,000 | | | | | 7.5 | | | | | 17,000,000 | | | | | 42.5 | | | Greg Peters, co-Chief Executive Officer and President(3) | | | | | 17,325,000 | | | | | 50.0 | | | | | 3,000,000 | | | | | 8.7 | | | | | 14,325,000 | | | | | 41.3 | | | Spencer Neumann, Chief Financial Officer | | | 5,550,000 | | | | 48.1 | | | | 6,000,000 | | | | 51.9 | | | | | 7,000,000 | | | | | 50.0 | | | | | 7,000,000 | | | | | 50.0 | | | | | — | | | | | — | | | Greg Peters, Chief Operating Officer and Chief Product Officer | | | 6,900,000 | | | | 36.5 | | | | 12,000,000 | | | | 63.5 | | | | David Hyman, Chief Legal Officer | | | 4,725,000 | | | | 50.0 | | | | 4,725,000 | | | | 50.0 | | | | | 7,000,000 | | | | | 63.6 | | | | | 4,000,000 | | | | | 36.4 | | | | | — | | | | | — | | | Rachel Whetstone, Chief Communications Officer | | | 500,000 | | | | 9.5 | | | | 4,750,000 | | | | 90.5 | | | | | 800,000 | | | | | 12.3 | | | | | 5,700,000 | | | | | 87.7 | | | | | — | | | | | — | |
TERMINATION-BASED COMPENSATION AND CHANGE IN CONTROL RETENTION INCENTIVES
| (1) | | Titles reflect the positions held as of April 21, 2023. |
| (2) | | The Compensation Committed adjusted Mr. Hastings’ compensation upon his transition from co-Chief Executive Officer to Executive Chairman on January 13, 2023 from $34,650,000 in allocatable compensation, of which $34,000,000 was allocated to stock options and $650,000 was allocated to cash salary to $3,000,000 in allocable compensation, which was allocated as set forth above. |
| (3) | | The Compensation Committee adjusted Mr. Peters’ compensation upon his promotion to co-Chief Executive Officer on January 13, 2023 from $24,000,000 in allocatable compensation, of which $12,000,000 was allocated to stock options, $1,500,000 to cash salary and $10,500,000 to the estimated target bonus, to $34,650,000 million in allocatable compensation, which was allocated as set forth above. |
Termination-Based Compensation and Change in Control Retention Incentives Our Named Executive Officers are beneficiaries of our Severance Plan. Under this Severance Plan, each employee of the Company at the level of Vice President or higher (“Covered Executive”) is entitled to a severance benefit upon termination of employment (other than for cause, death or permanent disability) so long as he or she signsthey sign a waiver and release of claims and an agreement not to disparage the Company, its directors or its officers in a form reasonably satisfactory to the Company. During 2020,In 2022, the severance benefit consisted of a lump sum cash payment equal to nine12 months of allocatable compensation, or, for newly hirednewly-hired Covered Executives only, a cash payment equal to 2436 months of allocatable compensation, which is reduced by an amount equal to one month of allocatable compensation for each month of tenure at the Company for the first 1524 months of continuous employment following hire by the Company, such that the minimum benefit for such newly hired Covered Executives is the cash equivalent of nine12 months of allocatable compensation. In orderThe Severance Plan also provides discretion to remain competitive in attracting top talent, the severance benefit was increased in April 2021 such that newly hired Covered Executives are eligibleplan administrator to receiveprovide a severance benefit of up to 36that is different than the standard 12 months of allocatable compensation, which is reduced by an amount equal to one month of allocatable compensation for eachso long as
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the Company for the first 27 months of continuous employment following hire by the Company, such that the minimum benefit for such newly hired Covered Executives is the cash equivalent of nine months of allocatable compensation.no less than 12 months. The right to receive a severance benefit terminates upon a change in control transaction, so that the Covered Executives under the Severance Plan are not entitled to both a change in control benefit as well as a severance benefit. In lieu of the severance benefit described above, the Severance Plan provides that eligible employees covered by the Severance Plan who are employed by the Company on the date of a change in control transaction are entitled to receive a lump sum cash payment equal to 12 months of allocatable compensation regardless of whether their employment terminates. We also maintain a plan for our director level employees (the “Director Plan”) that provides those employees who are employed by the Company on the date of a change in control transaction with a lump sum cash payment equal to six months of allocatable compensation, regardless of whether their employment terminates. While director level employees are not guaranteed any severance upon termination of employment, to the extent any severance is provided to a director level employee, payment associated with the change in control will be in lieu of or otherwise offset against any such severance payment. We have a “single trigger” change in control planbenefit for our executive officers. Given our monthly grants of fully vested options, a change in control does not trigger acceleration of unvested shares, which is a typical concern about single triggers. We use a single trigger change in control planbenefit because we believe that double trigger plans,benefits, which require the occurrence of both a change in control and the executive’s termination of service from the Company for an executive to receive severance, createcreates a misaligned incentive for executives to attempt to be terminated from the Company in the event of a change in control. We would rather encourage our executives to continue to focus on the long-term success of the Company and retain their service with the Company instead of their individual severance opportunities.
The benefits owing under the Severance Plan or Director Plan are to be paid to an individual covered under the applicable plan by the Company as soon as administratively practicable following the completion of all conditions to the payment, but in no event more than two and one half months following the date of the triggering event. We believe that benefits under the Severance Plan are consistent with similar benefits offered to executive officers of similarly situated companies and moreover, the Severance Plan is an important mechanism for attracting and retaining outstanding performers. Each of the terms “allocatable compensation,” “cause” and “change in control” are defined in the Severance Plan, a copy of which is attached as Exhibit 10.1 to the Company’s Form 10-Q filed on April 22, 2021.21, 2023. TAX CONSIDERATIONSThe Bonus Plan provides for a prorated bonus in the event of an involuntary termination (other than for cause) based on the number of calendar days a participant was actively employed during a given performance period. Each of the terms “cause,” “participant” and “performance period” are defined in the Bonus Plan, a copy of which is attached as Exhibit 10.1 to the Company’s Form 8-K filed on December 9, 2022.
Tax Considerations Section 162(m) of the Internal Revenue Code (“Section 162(m)”) was among the provisions that were amended pursuant to The Tax Cuts and Jobs Act (the “Tax Act”), which was signed into law on December 22, 2017. The prior version of Section 162(m) generally disallowed a tax deduction for compensation that we paid to our Chief Executive Officer or any of the next three most highly compensated executive officers (excluding the Chief Financial Officer) to the extent that the compensation for any such individual exceeded $1 million in any taxable year. However, this deduction limitation did not apply to compensation that was “performance-based” under Section 162(m). The Tax Act amended Section 162(m) to eliminate the exception for performance-based compensation. As a result, effective for our 2018 fiscal year and thereafter, the maximum U.S. federal income tax deduction that we may receive for annual compensation paid to any officer covered by Section 162(m) is $1 million per officer, subject to a transition rule that is described below.
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The Tax Act also expanded the individuals covered by Section 162(m) to include our, which now includes the Chief Executive Officer, Chief Financial Officer, the three most highly compensated officers and certain of ourany former officers.covered employee for any taxable year beginning after December 31, 2016. Separately, the Tax Act included a transition rule with respect to compensation that is provided pursuant to a written binding contract in effect on November 2, 2017 and not materially modified after that date. We continued to grant stock options in 2020,2022, although the compensation income recognized upon exercise of such grants by individuals covered by Section 162(m) will not be deductible by us to the extent the total compensation for each such individual exceeds $1 million in the year in which the stock options are exercised. On December 30, 2020,Additionally, cash payments made under the Internal Revenue Service published finalBonus Plan to individuals covered by Section 162(m) regulationswill not be deductible by us to the extent that generally implement amendments made to Section 162(m) by the Tax Act.total compensation for each such individual exceeds $1 million in the applicable year. The Compensation Committee considers the tax impact of the Company’s compensation program, and will generally seek to preserve the deductibility of any performance-based compensation that is subject to the transition rule of the Tax Act, to the extent practicable and in the best interests of the Company and its stockholders. However, to maintain the flexibility to provide compensation programs for our Named Executive Officers that will best incentivize them to achieve our key business objectives, the Compensation Committee reserves the right to pay compensation that is not tax deductible. PROHIBITION ON HEDGING
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| | | | | | | Compensation Discussion and Analysis |
Prohibition on Hedging Our Insider Trading Policy which was updated in March 2020, prohibits our section 16 officers and directors from engaging in any transactions involving any hedging or derivatives of Company equity securities, including trading in futures and derivative securities and engaging in hedging activities relating to our securities (including forward sales contracts, equity swaps, collars, puts, calls, exchange traded options and exchange funds), or otherwise engaging in transactions that are designed to hedge or offset decreases in the market value of our equity securities, provided that it does not limit director and officer participation in our stock option program. This prohibition applies only to transactions initiated on or after March 4, 2020 and applies to Company equity securities that are (i) granted to the section 16 officer or director by the Company as part of their compensation or (ii) held, directly or indirectly, by the section 16 officer or the director. CLAWBACK OF PERFORMANCE-BASED AWARDSClawback of Performance-Based Awards
While we do not currently use performance-based awards, theThe Netflix, Inc. 2020 Stock Plan allows us to recover certain performance-based equity awards or amounts paid in respect of such awards in the event of certain acts of misconduct by award recipients. Such misconduct generally relates to contributing to or failing to take reasonable steps to prevent an accounting restatement due to material noncompliance with financial reporting requirements. Further the Amended and Restated Performance Bonus Plan provides that awards may be subject to recoupment policies of the Company, as applicable.
COMPENSATION RISKOn October 26, 2022, the SEC adopted final rules implementing the incentive-based compensation recovery provisions of the Dodd-Frank Act. The Company intends to review and revise its current recoupment policies and/or adopt a new recoupment policy, to comply with the new requirements, once the Nasdaq listing standards become effective.
Compensation Risk Our compensation policies for non-executive salaried employees are generally the same as those outlined for our Named Executive Officers. Given the design of our compensation structure, as detailed in the foregoing Compensation Discussion and Analysis, we do not believe that our compensation policies and practices are reasonably likely to have a material adverse effect on the Company. CODE OF ETHICS
We have adopted a Code of Ethics for our directors, officers and other employees. A copy of the Code of Ethics is available on our Investor Relations website at https://ir.netflix.net/governance/governance-docs/default.aspx. Any waivers of the Code of Ethics will be posted at that website.
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Compensation Committee Report The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis with management. Based on the review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.2022. Compensation Committee of the Board Rodolphe Belmer
Mathias Döpfner Timothy M. Haley Anne Sweeney
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COMPENSATION OF EXECUTIVE
OFFICERS AND OTHER MATTERS
SUMMARY COMPENSATION TABLE
Summary Compensation Table The following Summary Compensation Table sets forth information concerning the compensation paid to our Named Executive Officers in 2020, 20192022, 2021, and 2018, other than Mr. Neumann who joined the Company in 2019 and Ms. Whetstone who was not a Named Executive Officer in 2018 or 2019.2020. A description of the method for determining the amount of salary in proportion to total compensation is set forth above in “Compensation Discussion and Analysis.” | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Name and Principal Position | | Year | | Salary ($) | | Bonus ($) | | Option Awards ($)(1) | | All Other Compensation ($)(2) | | Total ($) | | | | | | | | Reed Hastings Co-Chief Executive Officer, President, and
Chairman of the Board | | | | 2020 | | | | | 650,000 | | | | | | | | | | 42,428,878 | | | | | 147,146 | (3) | | | | 43,226,024 | | | | | 2019 | | | | | 700,000 | | | | | | | | | | 37,411,492 | | | | | 465,637 | (3) | | | | 38,577,129 | | | | | 2018 | | | | | 700,000 | | | | | | | | | | 35,380,417 | | | | | — | | | | | 36,080,417 | | | | | | | | | Ted Sarandos Co-Chief Executive Officer and Chief Content Officer | | | | 2020 | | | | | 20,000,000 | | | | | | | | | | 18,304,124 | | | | | 1,014,127 | (4) | | | | 39,318,251 | | | | | 2019 | | | | | 18,000,000 | | | | | | | | | | 16,575,902 | | | | | 98,497 | (5) | | | | 34,674,399 | | | | | 2018 | | | | | 12,000,000 | | | | | | | | | | 17,615,220 | | | | | 32,251 | (6) | | | | 29,647,471 | | | | | | | | | Spencer Neumann Chief Financial Officer | | | | 2020 | | | | | 6,050,000 | | | | | | | | | | 6,865,017 | | | | | 24,134 | (7) | | | | 12,939,151 | | | | | 2019 | | | | | 4,981,693 | (8) | | | | 1,700,000 | (9) | | | | 5,272,020 | | | | | 29,008 | (10) | | | | 11,982,721 | | | | | | | | | Greg Peters Chief Operating Officer and Chief Product Officer | | | | 2020 | | | | | 12,000,000 | | | | | | | | | | 8,664,337 | | | | | 141,658 | (11) | | | | 20,805,995 | | | | | 2019 | | | | | 10,000,000 | | | | | | | | | | 8,287,734 | | | | | 340,976 | (12) | | | | 18,628,710 | | | | | 2018 | | | | | 6,000,000 | | | | | | | | | | 7,985,902 | | | | | 832,687 | (13) | | | | 14,818,589 | | | | | | | | | David Hyman Chief Legal Officer | | | | 2020 | | | | | 5,500,000 | | | | | | | | | | 4,956,023 | | | | | 13,324 | (14) | | | | 10,469,347 | | | | | 2019 | | | | | 3,500,000 | | | | | | | | | | 4,643,129 | | | | | 15,550 | (15) | | | | 8,158,679 | | | | | 2018 | | | | | 2,500,000 | | | | | | | | | | 3,914,510 | | | | | 11,890 | (16) | | | | 6,426,400 | | | | | | | | | Rachel Whetstone Chief Communications Officer | | | | 2020 | | | | | 4,800,000 | | | | | | | | | | 555,929 | | | | | 170 | (17) | | | | 5,356,099 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | Name and Principal Position(1) | | Year | | | Salary ($) | | | Option Awards ($)(2) | | | All Other Compensation ($)(3) | | Total ($) | | REED HASTINGS co-Chief Executive Officer, President, and
Chairperson of the Board | | | 2022 | | | | 650,000 | | | | 49,408,182 | | | 1,015,055(4) | | | 51,073,237 | | | | | 2021 | | | | 650,000 | | | | 39,731,118 | | | 442,607(4) | | | 40,823,725 | | | | | 2020 | | | | 650,000 | | | | 42,428,87 | | | 147,146(4) | | | 43,226,024 | | TED SARANDOS co-Chief Executive Officer and Chief Content Officer | | | 2022 | | | | 20,000,000 | | | | 28,512,519 | | | 1,786,777(5) | | | 50,299,296 | | | | | 2021 | | | | 20,000,000 | | | | 17,119,501 | | | 1,112,663(6) | | | 38,232,164 | | | | | 2020 | | | | 20,000,000 | | | | 18,304,124 | | | 1,014,127(7) | | | 39,318,251 | | GREG PETERS Chief Operating Officer and Chief Product Officer | | | 2022 | | | | 16,000,000 | | | | 11,512,000 | | | 617,263(8) | | | 28,129,263 | | | | | 2021 | | | | 12,000,000 | | | | 8,063,284 | | | 308,109(9) | | | 20,371,393 | | | | | 2020 | | | | 12,000,000 | | | | 8,664,337 | | | 141,658(10) | | | 20,805,995 | | SPENCER NEUMANN Chief Financial Officer | | | 2022 | | | | 7,000,000 | | | | 10,022,952 | | | 38,537(11) | | | 17,061,489 | | | | | 2021 | | | | 6,000,000 | | | | 6,480,431 | | | 30,265(12) | | | 12,510,696 | | | | | 2020 | | | | 6,050,000 | | | | 6,865,017 | | | 24,134(13) | | | 12,939,151 | | DAVID HYMAN Chief Legal Officer | | | 2022 | | | | 6,000,000 | | | | 7,237,681 | | | 12,971(14) | | | 13,250,652 | | | | | 2021 | | | | 4,725,000 | | | | 5,440,831 | | | 11,742(15) | | | 10,177,573 | | | | | 2020 | | | | 5,500,000 | | | | 4,956,023 | | | 13,324(16) | | | 10,469,347 | | RACHEL WHETSTONE Chief Communications Officer | | | 2022 | | | | 5,500,000 | | | | 1,401,707 | | | 2,799(17) | | | 6,904,506 | | | | | 2021 | | | | 4,750,000 | | | | 579,116 | | | 302(18) | | | 5,329,418 | | | | | 2020 | | | | 4,800,000 | | | | 555,929 | | | 170(18) | | | 5,356,099 | |
| (1) | | Titles reflect the positions held by each Named Executive Officer on December 31, 2022. |
| (2) | | Dollar amounts in the Option Awards column reflect the grant date fair value with respect to stock options during the respective fiscal year, computed in accordance with FASB ASC Topic 718. The dollar amounts set forth in the Option Awards column are different than the stock option allocation amounts described in the section above entitled “Compensation Discussion and Analysis” because the stock option allocation amounts in such section are reflective of the total compensation amount attributable to stock option grants, rather than the accounting valuation. For a discussion of the assumptions made in the valuation reflected in the Option Awards column, refer to Note 9 to the Company’s consolidated financial statements for the fiscal year ended December 31, 20202022 in our Form 10-K filed with the SEC on January 28, 2021.26, 2023. |
(2)(3) | | We permit our Named Executive Officers and their family members and guests to use our corporate aircraft for personal use. Personal use of company aircraft is calculated based upon our actual aggregate incremental cost to operate the aircraft, including fuel, engine maintenance programs, landing and handling fees, and crew and cateringtravel costs, as well as other variable costs. Fixed costs, which do not change based on usage, are excluded. |
(3)(4) | | Includes $147,146$1,014,843, $442,607, and $465,637$147,146 for personal use of company aircraft in 2022, 2021, and 2020, and 2019, respectively.respectively, as well as $212 for car services in 2022. |
(4)(5) | | Includes $11,400$12,200 representing our matching contribution made under our 401(k) plan, $7,639$11,299 for car services, $336,148 for personal use of company aircraft, and $995,088$1,427,129 in residential security costs paid to a third-party provider by the Company valued on the basis of aggregate incremental cost to the Company. The Compensation Committee approved the residential security costs after considering the potential security concerns related to Mr. Sarandos’s service as an executive officer and believes the security costs are a necessary and appropriate business expense. |
(5)(6) | | Includes $9,800$11,600 representing our matching contribution made under our 401(k) plan, $74,282$16,353 for car services, $192,137 for personal use of company aircraft, and $14,415 for car services.$892,573 in residential security costs paid to a third-party provider by the Company valued on the basis of aggregate incremental cost to the Company. |
(6)(7) | | Includes $8,250$11,400 representing our matching contribution made under our 401(k) plan, $19,599$7,639 for car services, and $995,088 in residential security costs paid to a third-party provider by the Company valued on the basis of aggregate incremental cost to the Company. |
| (8) | | Includes $510,375 for personal use of company aircraft, $1,579 for car services, and $49,864 in tax penalties arising from Mr. Peters’ prior expatriate assignment and $55,445 in related tax gross-up. |
| (9) | | Includes $308,109 for personal use of company aircraft. |
| (10) | Includes $140,394 for personal use of company aircraft and $4,402$1,264 for commuting expenses. |
(7)(11) | Includes $12,200 representing our matching contribution made under our 401(k) plan, $ 6,563 for personal use of company aircraft and $19,774 for car services. |
| | | | | | 54 | |
| | |
| | | | | | | Compensation of Named Executive Officers and Other Matters |
| (12) | Includes $11,600 representing our matching contribution made under our 401(k) plan, $8,305 for personal use of company aircraft and $10,359 for car services. |
| (13) | Includes $14,581 representing our matching contribution made under our 401(k) plan, $2,174 for personal use of company aircraft and $7,379 for car services. |
(8)(14) | Amount reflects the prorated payment of Mr. Neumann’s salary based on his employment start date of January 7, 2019.
|
(9) | Amount represents a one-time cash payment Mr. Neumann received upon joining the Company, which served as an inducement for him to join the Company.
|
(10) | Includes $6,731$12,200 representing our matching contribution made under our 401(k) plan and $22,277$771 for commuting expenses. |
| (15) | Includes $11,600 representing our matching contribution made under our 401(k) plan and $142 for car services. |
(11)(16) | Includes $140,394 for personal use of company aircraft and $1,264 for commuting expenses.
|
(12) | Includes $340,471 for personal use of company aircraft and $505 for commuting expenses.
|
(13) | Includes $829,025 for living allowances and taxes paid by the Company to tax equalize the employee for an expatriate assignment and $3,662 for commuting expenses.
|
(14) | Includes $11,400 representing our matching contribution made under our 401(k) plan, $1,664 for commuting expenses and $260 for car services. |
(15)(17) | Includes $9,800 representing our matching contribution made under our 401(k) plan, $1,481 reimbursed by the Company$2,799 for tax preparation, $4,118 for commuting expenses, and $151 for car services.personal use of company aircraft. |
(16)(18) | Includes $8,250 representing our matching contribution made under our 401(k) plan$302 and $3,640 for commuting expenses. |
(17) | Includes $170 for car services.services in 2021 and 2020, respectively.
|
| | | | | 54 | | | | |
GRANTS OF PLAN-BASED AWARDSGrants of Plan-Based Awards
The following table sets forth information concerning grants of awards made to the Named Executive Officers during 2020.2022. As described above in “Compensation Discussion and Analysis,” we grant eligible employees, including the Named Executive Officers, fully vested stock options on a monthly basis. These stock options can generally be exercised up to 10 years following the date of grant, regardless of employment status. These are the only type of equity awards made to the Named Executive Officers. The material terms of these stock option grants, including the formula for determining the number of stock options to be granted, are set forth above in the “Compensation Discussion and Analysis.” | Name | | Grant Date | | All Other Option
Awards: Number of Securities Underlying Options
(#) | | Exercise or
Base Price of
Option Awards
($/Sh) | | Grant Date Fair Value of
Stock and
Option Awards
($) | | Grant Date | | All Other Option
Awards: Number of Securities Underlying Options
(#) | | Exercise or
Base Price of
Option Awards
($/Sh) | | Grant Date Fair Value of
Stock and
Option Awards
($) | | Reed Hastings | | | 1/2/2020 | | | | 19,456 | | | | 329.81 | | | | 3,019,914 | | | | | 1/3/2022 | | | | | 11,858 | | | | | 597.37 | | | | | 3,502,445 | | | | | | 2/3/2020 | | | | 19,786 | | | | 358.00 | | | | 3,333,636 | | | | | | | 3/2/2020 | | | | 18,589 | | | | 381.05 | | | | 3,333,192 | | | | | | | 4/1/2020 | | | | 19,455 | | | | 364.08 | | | | 3,592,105 | | | | | | | 5/1/2020 | | | | 17,057 | | | | 415.27 | | | | 3,592,148 | | | | | | | 6/1/2020 | | | | 16,631 | | | | 425.92 | | | | 3,592,258 | | | | | | | 7/1/2020 | | | | 14,585 | | | | 485.64 | | | | 3,650,607 | | | | | 2/1/2022 | | | | | 15,495 | | | | | 457.13 | | | | | 3,502,255 | | | | | | | 3/1/2022 | | | | | 18,340 | | | | | 386.24 | | | | | 3,502,895 | | | | | 8/3/2020 | | | | 14,206 | | | | 498.62 | | | | 3,650,780 | | | | | 4/1/2022 | | | | | 18,966 | | | | | 373.47 | | | | | 4,189,532 | | | | | | | 5/2/2022 | | | | | 35,513 | | | | | 199.46 | | | | | 4,189,646 | | | | | 9/1/2020 | | | | 12,727 | | | | 556.55 | | | | 3,650,685 | | | | | 6/1/2022 | | | | | 36,718 | | | | | 192.91 | | | | | 4,189,556 | | | | | | | 7/1/2022 | | | | | 39,363 | | | | | 179.95 | | | | | 4,302,037 | | | | | 10/1/2020 | | | | 13,428 | | | | 527.51 | | | | 3,671,163 | | | | | 8/1/2022 | | | | | 31,313 | | | | | 226.21 | | | | | 4,302,002 | | | | | | | 9/1/2022 | | | | | 30,792 | | | | | 230.04 | | | | | 4,302,051 | | | | | 11/2/2020 | | | | 14,632 | | | | 484.12 | | | | 3,671,286 | | | | | 10/3/2022 | | | | | 29,632 | | | | | 239.04 | | | | | 4,475,246 | | | | | | | 11/1/2022 | | | | | 24,702 | | | | | 286.75 | | | | | 4,475,286 | | | | | 12/1/2020 | | | | 14,038 | | | | 504.58 | | | | 3,671,105 | | | | | 12/1/2022 | | | | | 22,348 | | | | | 316.95 | | | | | 4,475,224 | | | Ted Sarandos | | | 1/2/2020 | | | | 8,527 | | | | 329.81 | | | | 1,323,540 | | | | | 1/3/2022 | | | | | 5,109 | | | | | 597.37 | | | | | 1,509,022 | | | | | | | 2/1/2022 | | | | | 9,115 | | | | | 457.13 | | | | | 2,060,216 | | | | | 2/3/2020 | | | | 8,525 | | | | 358.00 | | | | 1,436,331 | | | | | 3/1/2022 | | | | | 10,788 | | | | | 386.24 | | | | | 2,060,482 | | | | | | | 4/1/2022 | | | | | 11,157 | | | | | 373.47 | | | | | 2,464,547 | | | | | 3/2/2020 | | | | 8,010 | | | | 381.05 | | | | 1,436,272 | | | | | 5/2/2022 | | | | | 20,890 | | | | | 199.46 | | | | | 2,464,497 | | | | | | | 6/1/2022 | | | | | 21,599 | | | | | 192.91 | | | | | 2,464,465 | | | | | 4/1/2020 | | | | 8,383 | | | | 364.08 | | | | 1,547,809 | | | | | 7/1/2022 | | | | | 23,155 | | | | | 179.95 | | | | | 2,530,642 | | | | | | | 8/1/2022 | | | | | 18,419 | | | | | 226.21 | | | | | 2,530,532 | | | | | 5/1/2020 | | | | 7,350 | | | | 415.27 | | | | 1,547,886 | | | | | 9/1/2022 | | | | | 18,113 | | | | | 230.04 | | | | | 2,530,627 | | | | | | | 10/3/2022 | | | | | 17,431 | | | | | 239.04 | | | | | 2,632,560 | | | | | 6/1/2020 | | | | 7,166 | | | | 425.92 | | | | 1,547,840 | | | | | 11/1/2022 | | | | | 14,530 | | | | | 286.75 | | | | | 2,632,414 | | | | | | | 12/1/2022 | | | | | 13,146 | | | | | 316.95 | | | | | 2,632,508 | | | | | 7/1/2020 | | | | 6,284 | | | | 485.64 | | | | 1,572,877 | | | | | | | 8/3/2020 | | | | 6,121 | | | | 498.62 | | | | 1,573,027 | | | | | | | 9/1/2020 | | | | 5,484 | | | | 556.55 | | | | 1,573,062 | | | | | | | 10/1/2020 | | | | 5,786 | | | | 527.51 | | | | 1,581,870 | | | | | | | 11/2/2020 | | | | 6,304 | | | | 484.12 | | | | 1,581,724 | | | | | | | 12/1/2020 | | | | 6,049 | | | | 504.58 | | | | 1,581,886 | | | | Spencer Neumann | | | 1/2/2020 | | | | 3,158 | | | | 329.81 | | | | 490,177 | | | | | | | 2/3/2020 | | | | 3,201 | | | | 358.00 | | | | 539,319 | | | | | | | 3/2/2020 | | | | 3,007 | | | | 381.05 | | | | 539,185 | | | | | | | 4/1/2020 | | | | 3,147 | | | | 364.08 | | | | 581,051 | | | | | | | 5/1/2020 | | | | 2,759 | | | | 415.27 | | | | 581,036 | | | | | | | 6/1/2020 | | | | 2,690 | | | | 425.92 | | | | 581,034 | | | | | | | 7/1/2020 | | | | 2,360 | | | | 485.64 | | | | 590,705 | | | | | | | 8/3/2020 | | | | 2,298 | | | | 498.62 | | | | 590,560 | | | | | | | 9/1/2020 | | | | 2,058 | | | | 556.55 | | | | 590,328 | | | | | | | 10/1/2020 | | | | 2,173 | | | | 527.51 | | | | 594,090 | | | | | | | 11/2/2020 | | | | 2,367 | | | | 484.12 | | | | 593,899 | | | | | | | 12/1/2020 | | | | 2,270 | | | | 504.58 | | | | 593,632 | | |
| | | | | | | 2021 PROXY STATEMENT 2023 Proxy Statement | | 55
|
| | | | | | | | | | | | | | | | | | | | | Name | | Grant Date | | All Other Option
Awards: Number of Securities Underlying Options
(#) | | Exercise or
Base Price of
Option Awards
($/Sh) | | Grant Date Fair Value of
Stock and
Option Awards
($) | | | | | | Greg Peters | | | | 1/2/2020 | | | | | 4,296 | | | | | 329.81 | | | | | 666,815 | | | | | | | | | | | 2/3/2020 | | | | | 4,015 | | | | | 358.00 | | | | | 676,466 | | | | | | | | | | | 3/2/2020 | | | | | 3,772 | | | | | 381.05 | | | | | 676,357 | | | | | | | | | | | 4/1/2020 | | | | | 3,949 | | | | | 364.08 | | | | | 729,130 | | | | | | | | | | | 5/1/2020 | | | | | 3,461 | | | | | 415.27 | | | | | 728,875 | | | | | | | | | | | 6/1/2020 | | | | | 3,375 | | | | | 425.92 | | | | | 728,992 | | | | | | | | | | | 7/1/2020 | | | | | 2,960 | | | | | 485.64 | | | | | 740,884 | | | | | | | | | | | 8/3/2020 | | | | | 2,883 | | | | | 498.62 | | | | | 740,898 | | | | | | | | | | | 9/1/2020 | | | | | 2,583 | | | | | 556.55 | | | | | 740,922 | | | | | | | | | | | 10/1/2020 | | | | | 2,725 | | | | | 527.51 | | | | | 745,004 | | | | | | | | | | | 11/2/2020 | | | | | 2,969 | | | | | 484.12 | | | | | 744,946 | | | | | | | | | | | 12/1/2020 | | | | | 2,849 | | | | | 504.58 | | | | | 745,048 | | | | | | | David Hyman | | | | 1/2/2020 | | | | | 2,432 | | | | | 329.81 | | | | | 377,489 | | | | | | | | | | | 2/3/2020 | | | | | 2,299 | | | | | 358.00 | | | | | 387,346 | | | | | | | | | | | 3/2/2020 | | | | | 2,160 | | | | | 381.05 | | | | | 387,309 | | | | | | | | | | | 4/1/2020 | | | | | 2,260 | | | | | 364.08 | | | | | 417,279 | | | | | | | | | | | 5/1/2020 | | | | | 1,981 | | | | | 415.27 | | | | | 417,192 | | | | | | | | | | | 6/1/2020 | | | | | 1,932 | | | | | 425.92 | | | | | 417,308 | | | | | | | | | | | 7/1/2020 | | | | | 1,695 | | | | | 485.64 | | | | | 424,256 | | | | | | | | | | | 8/3/2020 | | | | | 1,650 | | | | | 498.62 | | | | | 424,031 | | | | | | | | | | | 9/1/2020 | | | | | 1,479 | | | | | 556.55 | | | | | 424,245 | | | | | | | | | | | 10/1/2020 | | | | | 1,560 | | | | | 527.51 | | | | | 426,498 | | | | | | | | | | | 11/2/2020 | | | | | 1,700 | | | | | 484.12 | | | | | 426,544 | | | | | | | | | | | 12/1/2020 | | | | | 1,631 | | | | | 504.58 | | | | | 426,526 | | | | | | | Rachel Whetstone | | | | 1/2/2020 | | | | | 221 | | | | | 329.81 | | | | | 34,303 | | | | | | | | | | | 2/3/2020 | | | | | 262 | | | | | 358.00 | | | | | 44,143 | | | | | | | | | | | 3/2/2020 | | | | | 246 | | | | | 381.05 | | | | | 44,110 | | | | | | | | | | | 4/1/2020 | | | | | 257 | | | | | 364.08 | | | | | 47,452 | | | | | | | | | | | 5/1/2020 | | | | | 226 | | | | | 415.27 | | | | | 47,595 | | | | | | | | | | | 6/1/2020 | | | | | 220 | | | | | 425.92 | | | | | 47,519 | | | | | | | | | | | 7/1/2020 | | | | | 193 | | | | | 485.64 | | | | | 48,308 | | | | | | | | | | | 8/3/2020 | | | | | 188 | | | | | 498.62 | | | | | 48,314 | | | | | | | | | | | 9/1/2020 | | | | | 169 | | | | | 556.55 | | | | | 48,477 | | | | | | | | | | | 10/1/2020 | | | | | 177 | | | | | 527.51 | | | | | 48,391 | | | | | | | | | | | 11/2/2020 | | | | | 194 | | | | | 484.12 | | | | | 48,676 | | | | | | | | | | | 12/1/2020 | | | | | 186 | | | | | 504.58 | | | | | 48,641 | |
| | | | | | | | | | | | | | | | | | | | | Name | | Grant Date | | All Other Option
Awards: Number of Securities Underlying Options
(#) | | Exercise or
Base Price of
Option Awards
($/Sh) | | Grant Date Fair Value of
Stock and
Option Awards
($) | | | | | | Greg Peters | | | | 1/3/2022 | | | | | 2,406 | | | | | 597.37 | | | | | 710,649 | | | | | | 2/1/2022 | | | | | 3,646 | | | | | 457.13 | | | | | 824,086 | | | | | | 3/1/2022 | | | | | 4,315 | | | | | 386.24 | | | | | 824,154 | | | | | | 4/1/2022 | | | | | 4,463 | | | | | 373.47 | | | | | 985,863 | | | | | | 5/2/2022 | | | | | 8,356 | | | | | 199.46 | | | | | 985,799 | | | | | | 6/1/2022 | | | | | 8,640 | | | | | 192.91 | | | | | 985,831 | | | | | | 7/1/2022 | | | | | 9,262 | | | | | 179.95 | | | | | 1,012,256 | | | | | | 8/1/2022 | | | | | 7,367 | | | | | 226.21 | | | | | 1,012,130 | | | | | | 9/1/2022 | | | | | 7,245 | | | | | 230.04 | | | | | 1,012,222 | | | | | | 10/3/2022 | | | | | 6,973 | | | | | 239.04 | | | | | 1,053,114 | | | | | | 11/1/2022 | | | | | 5,812 | | | | | 286.75 | | | | | 1,052,965 | | | | | | 12/1/2022 | | | | | 5,258 | | | | | 316.95 | | | | | 1,052,923 | | | | | | | Spencer Neumann | | | | 1/3/2022 | | | | | 1,936 | | | | | 597.37 | | | | | 571,827 | | | | | | 2/1/2022 | | | | | 3,190 | | | | | 457.13 | | | | | 721,019 | | | | | | 3/1/2022 | | | | | 3,776 | | | | | 386.24 | | | | | 721,206 | | | | | | 4/1/2022 | | | | | 3,904 | | | | | 373.47 | | | | | 862,381 | | | | | | 5/2/2022 | | | | | 7,313 | | | | | 199.46 | | | | | 862,751 | | | | | | 6/1/2022 | | | | | 7,559 | | | | | 192.91 | | | | | 862,488 | | | | | | 7/1/2022 | | | | | 8,104 | | | | | 179.95 | | | | | 885,697 | | | | | | 8/1/2022 | | | | | 6,447 | | | | | 226.21 | | | | | 885,734 | | | | | | 9/1/2022 | | | | | 6,340 | | | | | 230.04 | | | | | 885,782 | | | | | | 10/3/2022 | | | | | 6,100 | | | | | 239.04 | | | | | 921,267 | | | | | | 11/1/2022 | | | | | 5,086 | | | | | 286.75 | | | | | 921,435 | | | | | | 12/1/2022 | | | | | 4,601 | | | | | 316.95 | | | | | 921,358 | | | | | | | David Hyman | | | | 1/3/2022 | | | | | 1,648 | | | | | 597.37 | | | | | 486,762 | | | | | | 2/1/2022 | | | | | 2,279 | | | | | 457.13 | | | | | 515,110 | | | | | | 3/1/2022 | | | | | 2,697 | | | | | 386.24 | | | | | 515,120 | | | | | | 4/1/2022 | | | | | 2,789 | | | | | 373.47 | | | | | 616,081 | | | | | | 5/2/2022 | | | | | 5,222 | | | | | 199.46 | | | | | 616,065 | | | | | | 6/1/2022 | | | | | 5,400 | | | | | 192.91 | | | | | 616,144 | | | | | | 7/1/2022 | | | | | 5,789 | | | | | 179.95 | | | | | 632,687 | | | | | | 8/1/2022 | | | | | 4,605 | | | | | 226.21 | | | | | 632,667 | | | | | | 9/1/2022 | | | | | 4,528 | | | | | 230.04 | | | | | 632,621 | | | | | | 10/3/2022 | | | | | 4,358 | | | | | 239.04 | | | | | 658,177 | | | | | | 11/1/2022 | | | | | 3,632 | | | | | 286.75 | | | | | 658,013 | | | | | | 12/1/2022 | | | | | 3,287 | | | | | 316.95 | | | | | 658,227 | | | | | | | Rachel Whetstone | | | | 1/3/2022 | | | | | 174 | | | | | 597.37 | | | | | 51,393 | | | | | | 2/1/2022 | | | | | 456 | | | | | 457.13 | | | | | 103,067 | | | | | | 3/1/2022 | | | | | 539 | | | | | 386.24 | | | | | 102,947 | |
| | | | | | 56 | |
| | |
| | | | | | | | Compensation of Named Executive Officers and Other Matters |
| | | | | | | | | | | | | | | | | | | | | Name | | Grant Date | | All Other Option
Awards: Number of Securities Underlying Options
(#) | | Exercise or
Base Price of
Option Awards
($/Sh) | | Grant Date Fair Value of
Stock and
Option Awards
($) | Rachel Whetstone (continued) | | | | 4/1/2022 | | | | | 558 | | | | | 373.47 | | | | | 123,260 | | | | | | 5/2/2022 | | | | | 1,045 | | | | | 199.46 | | | | | 123,283 | | | | | | 6/1/2022 | | | | | 1,080 | | | | | 192.91 | | | | | 123,228 | | | | | | 7/1/2022 | | | | | 1,158 | | | | | 179.95 | | | | | 126,559 | | | | | | 8/1/2022 | | | | | 921 | | | | | 226.21 | | | | | 126,533 | | | | | | 9/1/2022 | | | | | 905 | | | | | 230.04 | | | | | 126,440 | | | | | | 10/3/2022 | | | | | 872 | | | | | 239.04 | | | | | 131,695 | | | | | | 11/1/2022 | | | | | 726 | | | | | 286.75 | | | | | 131,530 | | | | | | | 12/1/2022 | | | | | 658 | | | | | 316.95 | | | | | 131,765 | |
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-ENDOutstanding Equity Awards at Fiscal Year-End
The following table sets forth information concerning equity awards for each Named Executive Officer that remained outstanding as of December 31, 2020.2022. All stock options are fully vested and can generally be exercised up to 10 years following the date of grant. | | | | Option Awards | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | Reed Hastings | | | 38,801 | | | | 16.11 | | | | 3/1/2022 | | | | | 22,348 | | | | | 316.95 | | | | | 12/01/2032 | | | | | | | 24,702 | | | | | 286.75 | | | | | 11/01/2032 | | | | | 38,388 | | | | 16.28 | | | | 4/2/2022 | | | | | 29,632 | | | | | 239.04 | | | | | 10/03/2032 | | | | | | | 30,792 | | | | | 230.04 | | | | | 09/01/2032 | | | | | 53,774 | | | | 11.62 | | | | 5/1/2022 | | | | | 31,313 | | | | | 226.21 | | | | | 08/01/2032 | | | | | | | 39,363 | | | | | 179.95 | | | | | 07/01/2032 | | | | | 69,503 | | | | 8.99 | | | | 6/1/2022 | | | | | 36,718 | | | | | 192.91 | | | | | 06/01/2032 | | | | | | | 35,513 | | | | | 199.46 | | | | | 05/02/2032 | | | | | 64,477 | | | | 9.69 | | | | 7/2/2022 | | | | | 18,966 | | | | | 373.47 | | | | | 04/01/2032 | | | | | | | 18,340 | | | | | 386.24 | | | | | 03/01/2032 | | | | | 80,276 | | | | 7.79 | | | | 8/1/2022 | | | | | 15,495 | | | | | 457.13 | | | | | 02/01/2032 | | | | | | | 11,858 | | | | | 597.37 | | | | | 01/03/2032 | | | | | 78,225 | | | | 7.99 | | | | 9/4/2022 | | | | | 11,466 | | | | | 617.77 | | | | | 12/01/2031 | | | | | | | 10,398 | | | | | 681.17 | | | | | 11/01/2031 | | | | | 78,057 | | | | 8.01 | | | | 10/1/2022 | | | | | 11,553 | | | | | 613.15 | | | | | 10/01/2031 | | | | | | | 12,169 | | | | | 582.07 | | | | | 09/01/2031 | | | | | 56,315 | | | | 11.10 | | | | 11/1/2022 | | | | | 13,750 | | | | | 515.15 | | | | | 08/02/2031 | | | | | | | 13,276 | | | | | 533.54 | | | | | 07/01/2031 | | | | | 57,561 | | | | 10.86 | | | | 12/3/2022 | | | | | 14,193 | | | | | 499.08 | | | | | 06/01/2031 | | | | | | | 13,913 | | | | | 509.11 | | | | | 05/03/2031 | | | | | 47,551 | | | | 13.14 | | | | 1/2/2023 | | | | | 13,131 | | | | | 539.42 | | | | | 04/01/2031 | | | | | | 35,399 | | | | 23.54 | | | | 2/1/2023 | | | | | | | 30,807 | | | | 27.05 | | | | 3/1/2023 | | | | | | | 31,976 | | | | 26.06 | | | | 4/1/2023 | | | | | | | 27,398 | | | | 30.42 | | | | 5/1/2023 | | | | | | | 26,278 | | | | 31.71 | | | | 6/3/2023 | | | | | | | 26,012 | | | | 32.04 | | | | 7/1/2023 | | | | | | | 23,415 | | | | 35.59 | | | | 8/1/2023 | | | | | | | 20,188 | | | | 41.29 | | | | 9/3/2023 | | | | | | | 17,969 | | | | 46.37 | | | | 10/1/2023 | | | | | | | 17,717 | | | | 47.04 | | | | 11/1/2023 | | | | | | | 16,030 | | | | 51.99 | | | | 12/2/2023 | | | | | | | 16,079 | | | | 51.83 | | | | 1/2/2024 | | | | | | | 21,637 | | | | 57.77 | | | | 2/3/2024 | | | | | | | 19,635 | | | | 63.66 | | | | 3/3/2024 | | | | | | | 23,996 | | | | 52.10 | | | | 4/1/2024 | | | | | | | 25,998 | | | | 48.07 | | | | 5/1/2024 | | | | | | | 20,734 | | | | 60.29 | | | | 6/2/2024 | | | | | | | 18,494 | | | | 67.59 | | | | 7/1/2024 | | | | | | | 20,566 | | | | 60.77 | | | | 8/1/2024 | | | | | | | 18,361 | | | | 68.09 | | | | 9/2/2024 | | | | | | | 19,943 | | | | 62.69 | | | | 10/1/2024 | | | | | | | 22,526 | | | | 55.49 | | | | 11/3/2024 | | | | | | | 25,599 | | | | 48.83 | | | | 12/1/2024 | | | | | | | 25,074 | | | | 49.85 | | | | 1/2/2025 | | | | | | | 45,290 | | | | 63.01 | | | | 2/2/2025 | | | | | | | 41,601 | | | | 68.61 | | | | 3/2/2025 | | | | | | | 48,363 | | | | 59.02 | | | | 4/1/2025 | | | | | | | 35,868 | | | | 79.58 | | | | 5/1/2025 | | | | | | | 32,067 | | | | 89.00 | | | | 6/1/2025 | | | | | | | 30,485 | | | | 93.64 | | | | 7/1/2025 | | | | | | | 25,360 | | | | 112.56 | | | | 8/3/2025 | | |
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Reed Hastings | | | | 26,977 | | | | | 105.79 | | | | | 9/1/2025 | | | | | | | | | | 26,933 | | | | | 105.98 | | | | | 10/1/2025 | | | | | | | | | | 26,513 | | | | | 107.64 | | | | | 11/2/2025 | | | | | | | | | | 22,765 | | | | | 125.37 | | | | | 12/1/2025 | | | | | | | | | | 25,959 | | | | | 109.96 | | | | | 1/4/2026 | | | | | | | | | | 42,176 | | | | | 94.09 | | | | | 2/1/2026 | | | | | | | | | | 40,374 | | | | | 98.30 | | | | | 3/1/2026 | | | | | | | | | | 37,547 | | | | | 105.70 | | | | | 4/1/2026 | | | | | | | | | | 42,629 | | | | | 93.11 | | | | | 5/2/2026 | | | | | | | | | | 39,097 | | | | | 101.51 | | | | | 6/1/2026 | | | | | | | | | | 41,055 | | | | | 96.67 | | | | | 7/1/2026 | | | | | | | | | | 42,055 | | | | | 94.37 | | | | | 8/1/2026 | | | | | | | | | | 40,755 | | | | | 97.38 | | | | | 9/1/2026 | | | | | | | | | | 38,670 | | | | | 102.63 | | | | | 10/3/2026 | | | | | | | | | | 32,188 | | | | | 123.30 | | | | | 11/1/2026 | | | | | | | | | | 33,857 | | | | | 117.22 | | | | | 12/1/2026 | | | | | | | | | | 31,130 | | | | | 127.49 | | | | | 1/3/2027 | | | | | | | | | | 31,373 | | | | | 140.78 | | | | | 2/1/2027 | | | | | | | | | | 30,961 | | | | | 142.65 | | | | | 3/1/2027 | | | | | | | | | | 30,062 | | | | | 146.92 | | | | | 4/3/2027 | | | | | | | | | | 28,431 | | | | | 155.35 | | | | | 5/1/2027 | | | | | | | | | | 27,097 | | | | | 162.99 | | | | | 6/1/2027 | | | | | | | | | | 30,216 | | | | | 146.17 | | | | | 7/3/2027 | | | | | | | | | | 24,264 | | | | | 182.03 | | | | | 8/1/2027 | | | | | | | | | | 25,275 | | | | | 174.74 | | | | | 9/1/2027 | | | | | | | | | | 24,952 | | | | | 177.01 | | | | | 10/2/2027 | | | | | | | | | | 22,306 | | | | | 198.00 | | | | | 11/1/2027 | | | | | | | | | | 23,641 | | | | | 186.82 | | | | | 12/1/2027 | | | | | | | | | | 21,966 | | | | | 201.07 | | | | | 1/2/2028 | | | | | | | | | | 22,557 | | | | | 265.07 | | | | | 2/1/2028 | | | | | | | | | | 20,590 | | | | | 290.39 | | | | | 3/1/2028 | | | | | | | | | | 21,332 | | | | | 280.29 | | | | | 4/2/2028 | | | | | | | | | | 19,085 | | | | | 313.30 | | | | | 5/1/2028 | | | | | | | | | | 16,612 | | | | | 359.93 | | | | | 6/1/2028 | | | | | | | | | | 15,016 | | | | | 398.18 | | | | | 7/2/2028 | | | | | | | | | | 17,670 | | | | | 338.38 | | | | | 8/1/2028 | | | | | | | | | | 16,444 | | | | | 363.60 | | | | | 9/4/2028 | | | | | | | | | | 15,676 | | | | | 381.43 | | | | | 10/1/2028 | | | | | | | | | | 18,839 | | | | | 317.38 | | | | | 11/1/2028 | | | | | | | | | | 20,597 | | | | | 290.30 | | | | | 12/3/2028 | | | | | | | | | | 22,338 | | | | | 267.66 | | | | | 1/2/2029 | | | | | | | | | | 18,881 | | | | | 339.85 | | | | | 2/1/2029 | | | | | | | | | | 17,958 | | | | | 357.32 | | | | | 3/1/2029 | | | | | | | | | | 17,486 | | | | | 366.96 | | | | | 4/1/2029 | | | | | | | | | | 16,939 | | | | | 378.81 | | | | | 5/1/2029 | | | | | | | | | | 19,061 | | | | | 336.63 | | | | | 6/3/2029 | |
| | | | | 58 | | 2023 Proxy Statement | | 57
|
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Reed Hastings | | | | 17,130 | | | | | 374.60 | | | | | 7/1/2029 | | | | | | | | | | 20,083 | | | | | 319.50 | | | | | 8/1/2029 | | | | | | | | | | 22,181 | | | | | 289.29 | | | | | 9/3/2029 | | | | | | | | | | 23,802 | | | | | 269.58 | | | | | 10/1/2029 | | | | | | | | | | 22,373 | | | | | 286.81 | | | | | 11/1/2029 | | | | | | | | | | 20,699 | | | | | 309.99 | | | | | 12/2/2029 | | | | | | | | | | 19,456 | | | | | 329.81 | | | | | 1/2/2030 | | | | | | | | | | 19,786 | | | | | 358.00 | | | | | 2/3/2030 | | | | | | | | | | 18,589 | | | | | 381.05 | | | | | 3/2/2030 | | | | | | | | | | 19,455 | | | | | 364.08 | | | | | 4/1/2030 | | | | | | | | | | 17,057 | | | | | 415.27 | | | | | 5/1/2030 | | | | | | | | | | 16,631 | | | | | 425.92 | | | | | 6/1/2030 | | | | | | | | | | 14,585 | | | | | 485.64 | | | | | 7/1/2030 | | | | | | | | | | 14,206 | | | | | 498.62 | | | | | 8/3/2030 | | | | | | | | | | 12,727 | | | | | 556.55 | | | | | 9/1/2030 | | | | | | | | | | 13,428 | | | | | 527.51 | | | | | 10/1/2030 | | | | | | | | | | 14,632 | | | | | 484.12 | | | | | 11/2/2030 | | | | | | | | | | 14,038 | | | | | 504.58 | | | | | 12/1/2030 | | | | | | Ted Sarandos | | | | 25,130 | | | | | 79.58 | | | | | 5/1/2025 | | | | | | | | | | 22,470 | | | | | 89.00 | | | | | 6/1/2025 | | | | | | | | | | 21,357 | | | | | 93.64 | | | | | 7/1/2025 | | | | | | | | | | 15,952 | | | | | 125.37 | | | | | 12/1/2025 | | | | | | | | | | 26,125 | | | | | 94.09 | | | | | 2/1/2026 | | | | | | | | | | 25,008 | | | | | 98.30 | | | | | 3/1/2026 | | | | | | | | | | 26,405 | | | | | 93.11 | | | | | 5/2/2026 | | | | | | | | | | 25,430 | | | | | 96.67 | | | | | 7/1/2026 | | | | | | | | | | 26,050 | | | | | 94.37 | | | | | 8/1/2026 | | | | | | | | | | 25,245 | | | | | 97.38 | | | | | 9/1/2026 | | | | | | | | | | 19,282 | | | | | 127.49 | | | | | 1/3/2027 | | | | | | | | | | 16,279 | | | | | 140.78 | | | | | 2/1/2027 | | | | | | | | | | 15,679 | | | | | 146.17 | | | | | 7/3/2027 | | | | | | | | | | 8,248 | | | | | 359.93 | | | | | 6/1/2028 | | | | | | | | | | 7,456 | | | | | 398.18 | | | | | 7/2/2028 | | | | | | | | | | 8,773 | | | | | 338.38 | | | | | 8/1/2028 | | | | | | | | | | 8,165 | | | | | 363.60 | | | | | 9/4/2028 | | | | | | | | | | 7,783 | | | | | 381.43 | | | | | 10/1/2028 | | | | | | | | | | 9,354 | | | | | 317.38 | | | | | 11/1/2028 | | | | | | | | | | 10,227 | | | | | 290.30 | | | | | 12/3/2028 | | | | | | | | | | 11,091 | | | | | 267.66 | | | | | 1/2/2029 | | | | | | | | | | 8,276 | | | | | 339.85 | | | | | 2/1/2029 | | | | | | | | | | 7,871 | | | | | 357.32 | | | | | 3/1/2029 | | | | | | | | | | 7,664 | | | | | 366.96 | | | | | 4/1/2029 | | | | | | | | | | 7,425 | | | | | 378.81 | | | | | 5/1/2029 | | | | | | | | | | 8,355 | | | | | 336.63 | | | | | 6/3/2029 | | | | | | | | | | 7,508 | | | | | 374.60 | | | | | 7/1/2029 | | | | | | | | | | 8,802 | | | | | 319.50 | | | | | 8/1/2029 | |
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Ted Sarandos | | | | 9,723 | | | | | 289.29 | | | | | 9/3/2029 | | | | | | | | | | 10,433 | | | | | 269.58 | | | | | 10/1/2029 | | | | | | | | | | 9,806 | | | | | 286.81 | | | | | 11/1/2029 | | | | | | | | | | 9,073 | | | | | 309.99 | | | | | 12/2/2029 | | | | | | | | | | 8,527 | | | | | 329.81 | | | | | 1/2/2030 | | | | | | | | | | 8,525 | | | | | 358.00 | | | | | 2/3/2030 | | | | | | | | | | 8,010 | | | | | 381.05 | | | | | 3/2/2030 | | | | | | | | | | 8,383 | | | | | 364.08 | | | | | 4/1/2030 | | | | | | | | | | 7,350 | | | | | 415.27 | | | | | 5/1/2030 | | | | | | | | | | 7,166 | | | | | 425.92 | | | | | 6/1/2030 | | | | | | | | | | 6,284 | | | | | 485.64 | | | | | 7/1/2030 | | | | | | | | | | 6,121 | | | | | 498.62 | | | | | 8/3/2030 | | | | | | | | | | 5,484 | | | | | 556.55 | | | | | 9/1/2030 | | | | | | | | | | 5,786 | | | | | 527.51 | | | | | 10/1/2030 | | | | | | | | | | 6,304 | | | | | 484.12 | | | | | 11/2/2030 | | | | | | | | | | 6,049 | | | | | 504.58 | | | | | 12/1/2030 | | | | | | Spencer Neumann | | | | 1,308 | | | | | 339.85 | | | | | 2/1/2029 | | | | | | | | | | 2,916 | | | | | 357.32 | | | | | 3/1/2029 | | | | | | | | | | 2,838 | | | | | 366.96 | | | | | 4/1/2029 | | | | | | | | | | 2,750 | | | | | 378.81 | | | | | 5/1/2029 | | | | | | | | | | 3,095 | | | | | 336.63 | | | | | 6/3/2029 | | | | | | | | | | 2,781 | | | | | 374.60 | | | | | 7/1/2029 | | | | | | | | | | 3,260 | | | | | 319.50 | | | | | 8/1/2029 | | | | | | | | | | 3,601 | | | | | 289.29 | | | | | 9/3/2029 | | | | | | | | | | 3,864 | | | | | 269.58 | | | | | 10/1/2029 | | | | | | | | | | 3,632 | | | | | 286.81 | | | | | 11/1/2029 | | | | | | | | | | 3,361 | | | | | 309.99 | | | | | 12/2/2029 | | | | | | | | | | 3,158 | | | | | 329.81 | | | | | 1/2/2030 | | | | | | | | | | 3,201 | | | | | 358.00 | | | | | 2/3/2030 | | | | | | | | | | 3,007 | | | | | 381.05 | | | | | 3/2/2030 | | | | | | | | | | 3,147 | | | | | 364.08 | | | | | 4/1/2030 | | | | | | | | | | 2,759 | | | | | 415.27 | | | | | 5/1/2030 | | | | | | | | | | 2,690 | | | | | 425.92 | | | | | 6/1/2030 | | | | | | | | | | 2,360 | | | | | 485.64 | | | | | 7/1/2030 | | | | | | | | | | 2,298 | | | | | 498.62 | | | | | 8/3/2030 | | | | | | | | | | 2,058 | | | | | 556.55 | | | | | 9/1/2030 | | | | | | | | | | 2,173 | | | | | 527.51 | | | | | 10/1/2030 | | | | | | | | | | 2,367 | | | | | 484.12 | | | | | 11/2/2030 | | | | | | | | | | 2,270 | | | | | 504.58 | | | | | 12/1/2030 | | | | | | Greg Peters | | | | 6,941 | | | | | 98.30 | | | | | 3/1/2026 | | | | | | | | | | 6,455 | | | | | 105.70 | | | | | 4/1/2026 | | | | | | | | | | 7,329 | | | | | 93.11 | | | | | 5/2/2026 | | | | | | | | | | 6,721 | | | | | 101.51 | | | | | 6/1/2026 | | | | | | | | | | 7,058 | | | | | 96.67 | | | | | 7/1/2026 | | | | | | | | | | 7,230 | | | | | 94.37 | | | | | 8/1/2026 | | | | | | | | | | 7,007 | | | | | 97.38 | | | | | 9/1/2026 | |
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Reed Hastings (continued) | | | | 12,864 | | | | | 550.64 | | | | | 03/01/2031 | | | | | | 13,141 | | | | | 539.04 | | | | | 02/01/2031 | | | | | | 13,547 | | | | | 522.86 | | | | | 01/04/2031 | | | | | | 14,038 | | | | | 504.58 | | | | | 12/01/2030 | | | | | | 14,632 | | | | | 484.12 | | | | | 11/02/2030 | | | | | | 13,428 | | | | | 527.51 | | | | | 10/01/2030 | | | | | | 12,727 | | | | | 556.55 | | | | | 09/01/2030 | | | | | | 14,206 | | | | | 498.62 | | | | | 08/03/2030 | | | | | | 14,585 | | | | | 485.64 | | | | | 07/01/2030 | | | | | | 16,631 | | | | | 425.92 | | | | | 06/01/2030 | | | | | | 17,057 | | | | | 415.27 | | | | | 05/01/2030 | | | | | | 19,455 | | | | | 364.08 | | | | | 04/01/2030 | | | | | | 18,589 | | | | | 381.05 | | | | | 03/02/2030 | | | | | | 19,786 | | | | | 358.00 | | | | | 02/03/2030 | | | | | | 19,456 | | | | | 329.81 | | | | | 01/02/2030 | | | | | | 20,699 | | | | | 309.99 | | | | | 12/02/2029 | | | | | | 22,373 | | | | | 286.81 | | | | | 11/01/2029 | | | | | | 23,802 | | | | | 269.58 | | | | | 10/01/2029 | | | | | | 22,181 | | | | | 289.29 | | | | | 09/03/2029 | | | | | | 20,083 | | | | | 319.50 | | | | | 08/01/2029 | | | | | | 17,130 | | | | | 374.60 | | | | | 07/01/2029 | | | | | | 19,061 | | | | | 336.63 | | | | | 06/03/2029 | | | | | | 16,939 | | | | | 378.81 | | | | | 05/01/2029 | | | | | | 17,486 | | | | | 366.96 | | | | | 04/01/2029 | | | | | | 17,958 | | | | | 357.32 | | | | | 03/01/2029 | | | | | | 18,881 | | | | | 339.85 | | | | | 02/01/2029 | | | | | | 22,338 | | | | | 267.66 | | | | | 01/02/2029 | | | | | | 20,597 | | | | | 290.30 | | | | | 12/03/2028 | | | | | | 18,839 | | | | | 317.38 | | | | | 11/01/2028 | | | | | | 15,676 | | | | | 381.43 | | | | | 10/01/2028 | | | | | | 16,444 | | | | | 363.60 | | | | | 09/04/2028 | | | | | | 17,670 | | | | | 338.38 | | | | | 08/01/2028 | | | | | | 15,016 | | | | | 398.18 | | | | | 07/02/2028 | | | | | | 16,612 | | | | | 359.93 | | | | | 06/01/2028 | | | | | | 19,085 | | | | | 313.30 | | | | | 05/01/2028 | | | | | | 21,332 | | | | | 280.29 | | | | | 04/02/2028 | | | | | | 20,590 | | | | | 290.39 | | | | | 03/01/2028 | | | | | | 22,557 | | | | | 265.07 | | | | | 02/01/2028 | | | | | | 21,966 | | | | | 201.07 | | | | | 01/02/2028 | |
| | | | | 60 58 | |
| | |
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Greg Peters | | | | 6,648 | | | | | 102.63 | | | | | 10/3/2026 | | | | | | | | | | 5,533 | | | | | 123.30 | | | | | 11/1/2026 | | | | | | | | | | 5,821 | | | | | 117.22 | | | | | 12/1/2026 | | | | | | | | | | 5,352 | | | | | 127.49 | | | | | 1/3/2027 | | | | | | | | | | 4,846 | | | | | 140.78 | | | | | 2/1/2027 | | | | | | | | | | 4,783 | | | | | 142.65 | | | | | 3/1/2027 | | | | | | | | | | 4,644 | | | | | 146.92 | | | | | 4/3/2027 | | | | | | | | | | 4,392 | | | | | 155.35 | | | | | 5/1/2027 | | | | | | | | | | 4,186 | | | | | 162.99 | | | | | 6/1/2027 | | | | | | | | | | 4,668 | | | | | 146.17 | | | | | 7/3/2027 | | | | | | | | | | 3,891 | | | | | 182.03 | | | | | 8/1/2027 | | | | | | | | | | 4,054 | | | | | 174.74 | | | | | 9/1/2027 | | | | | | | | | | 4,001 | | | | | 177.01 | | | | | 10/2/2027 | | | | | | | | | | 3,578 | | | | | 198.00 | | | | | 11/1/2027 | | | | | | | | | | 3,791 | | | | | 186.82 | | | | | 12/1/2027 | | | | | | | | | | 3,523 | | | | | 201.07 | | | | | 1/2/2028 | | | | | | | | | | 5,187 | | | | | 265.07 | | | | | 2/1/2028 | | | | | | | | | | 4,735 | | | | | 290.39 | | | | | 3/1/2028 | | | | | | | | | | 4,906 | | | | | 280.29 | | | | | 4/2/2028 | | | | | | | | | | 4,389 | | | | | 313.30 | | | | | 5/1/2028 | | | | | | | | | | 3,820 | | | | | 359.93 | | | | | 6/1/2028 | | | | | | | | | | 3,453 | | | | | 398.18 | | | | | 7/2/2028 | | | | | | | | | | 4,063 | | | | | 338.38 | | | | | 8/1/2028 | | | | | | | | | | 3,782 | | | | | 363.60 | | | | | 9/4/2028 | | | | | | | | | | 3,605 | | | | | 381.43 | | | | | 10/1/2028 | | | | | | | | | | 4,332 | | | | | 317.38 | | | | | 11/1/2028 | | | | | | | | | | 4,737 | | | | | 290.30 | | | | | 12/3/2028 | | | | | | | | | | 5,137 | | | | | 267.66 | | | | | 1/2/2029 | | | | | | | | | | 4,168 | | | | | 339.85 | | | | | 2/1/2029 | | | | | | | | | | 3,965 | | | | | 357.32 | | | | | 3/1/2029 | | | | | | | | | | 3,861 | | | | | 366.96 | | | | | 4/1/2029 | | | | | | | | | | 3,739 | | | | | 378.81 | | | | | 5/1/2029 | | | | | | | | | | 4,209 | | | | | 336.63 | | | | | 6/3/2029 | | | | | | | | | | 3,782 | | | | | 374.60 | | | | | 7/1/2029 | | | | | | | | | | 4,434 | | | | | 319.50 | | | | | 8/1/2029 | | | | | | | | | | 4,897 | | | | | 289.29 | | | | | 9/3/2029 | | | | | | | | | | 5,255 | | | | | 269.58 | | | | | 10/1/2029 | | | | | | | | | | 4,939 | | | | | 286.81 | | | | | 11/1/2029 | | | | | | | | | | 4,570 | | | | | 309.99 | | | | | 12/2/2029 | | | | | | | | | | 4,296 | | | | | 329.81 | | | | | 1/2/2030 | | | | | | | | | | 4,015 | | | | | 358.00 | | | | | 2/3/2030 | | | | | | | | | | 3,772 | | | | | 381.05 | | | | | 3/2/2030 | | | | | | | | | | 3,949 | | | | | 364.08 | | | | | 4/1/2030 | | | | | | | | | | 3,461 | | | | | 415.27 | | | | | 5/1/2030 | | | | | | | | | | 3,375 | | | | | 425.92 | | | | | 6/1/2030 | | | | | | | | | | 2,960 | | | | | 485.64 | | | | | 7/1/2030 | |
| | | | | | | | | | | | | | | | | | | Option Awards | Name | | Number of Securities Underlying Unexercised Options: Exercisable (#) | | Option
Exercise Price
($) | | Option Expiration Date | | | | | Greg Peters | | | | 2,883 | | | | | 498.62 | | | | | 8/3/2030 | | | | | | | | | | 2,583 | | | | | 556.55 | | | | | 9/1/2030 | | | | | | | | | | 2,725 | | | | | 527.51 | | | | | 10/1/2030 | | | | | | | | | | 2,969 | | | | | 484.12 | | | | | 11/2/2030 | | | | | | | | | | 2,849 | | | | | 504.58 | | | | | 12/1/2030 | | | | | | David Hyman | | | | 6,272 | | | | | 49.85 | | | | | 1/2/2025 | | | | | | | | | | 3,962 | | | | | 63.01 | | | | | 2/2/2025 | | | | | | | | | | 3,647 | | | | | 68.61 | | | | | 3/2/2025 | | | | | | | | | | 4,235 | | | | | 59.02 | | | | | 4/1/2025 | | | | | | | | | | 3,143 | | | | | 79.58 | | | | | 5/1/2025 | | | | | | | | | | 2,807 | | | | | 89.00 | | | | | 6/1/2025 | | | | | | | | | | 2,667 | | | | | 93.64 | | | | | 7/1/2025 | | | | | | | | | | 2,221 | | | | | 112.56 | | | | | 8/3/2025 | | | | | | | | | | 2,363 | | | | | 105.79 | | | | | 9/1/2025 | | | | | | | | | | 2,359 | | | | | 105.98 | | | | | 10/1/2025 | | | | | | | | | | 2,322 | | | | | 107.64 | | | | | 11/2/2025 | | | | | | | | | | 1,994 | | | | | 125.37 | | | | | 12/1/2025 | | | | | | | | | | 2,274 | | | | | 109.96 | | | | | 1/4/2026 | | | | | | | | | | 4,439 | | | | | 94.09 | | | | | 2/1/2026 | | | | | | | | | | 4,249 | | | | | 98.30 | | | | | 3/1/2026 | | | | | | | | | | 3,952 | | | | | 105.70 | | | | | 4/1/2026 | | | | | | | | | | 4,487 | | | | | 93.11 | | | | | 5/2/2026 | | | | | | | | | | 4,115 | | | | | 101.51 | | | | | 6/1/2026 | | | | | | | | | | 4,321 | | | | | 96.67 | | | | | 7/1/2026 | | | | | | | | | | 4,426 | | | | | 94.37 | | | | | 8/1/2026 | | | | | | | | | | 4,290 | | | | | 97.38 | | | | | 9/1/2026 | | | | | | | | | | 4,070 | | | | | 102.63 | | | | | 10/3/2026 | | | | | | | | | | 3,387 | | | | | 123.30 | | | | | 11/1/2026 | | | | | | | | | | 3,564 | | | | | 117.22 | | | | | 12/1/2026 | | | | | | | | | | 3,276 | | | | | 127.49 | | | | | 1/3/2027 | | | | | | | | | | 1,798 | | | | | 140.78 | | | | | 2/1/2027 | | | | | | | | | | 1,775 | | | | | 142.65 | | | | | 3/1/2027 | | | | | | | | | | 1,722 | | | | | 146.92 | | | | | 4/3/2027 | | | | | | | | | | 1,630 | | | | | 155.35 | | | | | 5/1/2027 | | | | | | | | | | 1,553 | | | | | 162.99 | | | | | 6/1/2027 | | | | | | | | | | 1,732 | | | | | 146.17 | | | | | 7/3/2027 | | | | | | | | | | 1,390 | | | | | 182.03 | | | | | 8/1/2027 | | | | | | | | | | 1,449 | | | | | 174.74 | | | | | 9/1/2027 | | | | | | | | | | 1,430 | | | | | 177.01 | | | | | 10/2/2027 | | | | | | | | | | 1,278 | | | | | 198.00 | | | | | 11/1/2027 | | | | | | | | | | 1,355 | | | | | 186.82 | | | | | 12/1/2027 | | | | | | | | | | 1,259 | | | | | 201.07 | | | | | 1/2/2028 | | | | | | | | | | 2,574 | | | | | 265.07 | | | | | 2/1/2028 | | | | | | | | | | 2,349 | | | | | 290.39 | | | | | 3/1/2028 | | | | | | | | | | 2,435 | | | | | 280.29 | | | | | 4/2/2028 | | | | | | | | | | 2,177 | | | | | 313.30 | | | | | 5/1/2028 | |
Compensation of Named Executive Officers and Other Matters |
