Netflix Inc (NFLX) Co-Chief Executive Officer Reed Hastings does the purchase of the company shares through his stock option product in 2020.
Hastings purchased 1.33 million shares of Netflix using funds of US $ 612 million. He has been aiming for purchases through stock options since 2020, where the growth of Netflix subscribers or subscribers has soared, even surpassing 200 million.
Reporting from Reuters on Monday (26/4/2021), the surge in Netflix subscribers was triggered by the activity of more people at home during the COVID-19 pandemic.
Netflix Shares Rose 67% in 2020
Not only the number of subscribers, Netflix company shares also rose more than 67% in 2020.
However, the share price where the option product can be realized is regulated in the agreement. The value of the shares when the purchase is made can vary.
Meanwhile, Netflix’s performance in Q1-2021 is a little different. Reporting from CNN, although the company’s profits rose 24% compared to the first quarter of 2020, subscriber growth actually weakened.
In the first quarter of 2020, Netflix subscribers grew by 16 million. However, subscriber growth slumped deeply in the first quarter of 2021.
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