David Hyman, the longtime chief legal officer of Netflix, is opting to cut his salary by $2 million in 2023 in order to qualify for larger stock option grants—which would soar in value if the company’s slumping stock rebounds.
In a Securities and Exchange Commission filing late last week, Los Gatos, California-based Netflix disclosed 2023 compensation for its six most highly compensated executives. Like all Netflix employees, the executives get to choose for themselves how much of that pay is in cash and how much is in stock options.
David Hyman, chief legal officer of Netflix.
