Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-02

Netflix (NFLX)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$53,905,972
Ted Sarandos total, FY2025
89th
CEO pay percentile vs peers
252:1
CEO-to-median pay ratio
83.72%
Say-on-pay support, latest vote
Companies that benchmark against NFLX
31 companies name NFLX as a compensation peer

Each company listed discloses NFLX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named NFLX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ted Sarandos$3,000,000$0$41,398,424$0$7,053,958$0$2,453,590$53,905,972
co-Chief Executive Officer and President
Greg Peters3,000,000041,398,42407,053,95801,734,92553,187,307
co-Chief Executive Officer and President
Spencer Neumann2,000,000014,022,43204,702,6390108,97920,834,050
Chief Financial Officer
David Hyman2,000,00008,681,00804,702,639017,13415,400,781
Chief Legal Officer
Clete Willems761,5392,750,0008,865,53101,917,130039,89514,334,095
Chief Global Affairs Officer
Reed Hastings33,8460936,421271,234006121,242,113
Former Executive Chairman of the Board

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Ted Sarandos$53,905,972$61,922,397$49,834,936−8,016,425
Greg Peters53,187,30760,272,57440,117,124−7,085,267
Spencer Neumann20,834,05022,901,59717,001,853−2,067,547
David Hyman15,400,78117,259,84213,680,073−1,859,061
Clete Willems14,334,095
Reed Hastings1,242,1131,748,95111,290,411−506,838

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-05-018,26112 insiders, 12 accrual rows
Reed HastingsDirector2026-05-01D105,791949,895,976Common, open-market saleForm 4 ↗
Reed HastingsDirector2026-05-01D407,55000Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01A407,550103,968,722CommonForm 4 ↗
Reed HastingsDirector2026-05-01D188,4259217,388,424Common, open-market saleForm 4 ↗
Reed HastingsDirector2026-05-01D113,3349410,672,538Common, open-market saleForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A1,538CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D7229266,467CommonForm 4 ↗
Dividend-equivalent accruals2026-05-043,0081 insider, 2 accrual rows
David HymanChief Legal Officer2026-05-04A2,939CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D5,43000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A4,748CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A8,780CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D2,93900Derivative, Class A CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D5,72288504,021Common, open-market saleForm 4 ↗
David HymanChief Legal Officer2026-05-04D1,50992138,919CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04A5,430CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D3,16000Derivative, Class A CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A1,470CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A3,160CommonForm 4 ↗
Greg PetersDirector2026-05-04D14,01800Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D14,45000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A4,900CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,37192402,394CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D2,36492217,630CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D8,78000Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04A14,018CommonForm 4 ↗
Ted SarandosDirector2026-05-04D6,97992642,487CommonForm 4 ↗
Ted SarandosDirector2026-05-04D13,017881,145,030Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D7,25688638,338Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D7,03988619,259Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D14,45000Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04D14,01800Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04A25,920CommonForm 4 ↗
Greg PetersDirector2026-05-04A14,450CommonForm 4 ↗
Greg PetersDirector2026-05-04A14,018CommonForm 4 ↗
Greg PetersDirector2026-05-04D25,92000Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D12,903921,187,850CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D1,55092142,693CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D3,03000Derivative, Class A CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D1,46492134,776CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D2,70492248,930CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04A3,030CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D7559269,505CommonForm 4 ↗
Ted SarandosDirector2026-05-04D7,19492662,280CommonForm 4 ↗
Ted SarandosDirector2026-05-04A25,920CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D2,44092224,626CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,90000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,74800Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04A14,450CommonForm 4 ↗
Ted SarandosDirector2026-05-04D12,903921,187,850CommonForm 4 ↗
Ted SarandosDirector2026-05-04D25,92000Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D7,19492662,280CommonForm 4 ↗
Greg PetersDirector2026-05-04D6,97992642,487CommonForm 4 ↗
Greg PetersDirector2026-05-06D1,20900CommonForm 4 ↗
Greg PetersDirector2026-05-06D27,312892,422,421Common, open-market saleForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-07D9,25389823,075CommonForm 4 ↗
Reed HastingsDirector2026-06-01A386,700103,968,702CommonForm 4 ↗
Reed HastingsDirector2026-06-01D386,70000Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-06-018,85912 insiders, 12 accrual rows
Reed HastingsDirector2026-06-01D53,783874,664,476Common, open-market saleForm 4 ↗
Reed HastingsDirector2026-06-01D332,9178628,579,559Common, open-market saleForm 4 ↗
Brad SmithDirector2026-06-17D5,33000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,62000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,46000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D13,800781,076,534Common, open-market saleForm 4 ↗
Brad SmithDirector2026-06-17D22,190771,713,265Common, open-market saleForm 4 ↗
Brad SmithDirector2026-06-17A6,620962,473CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,4601062,449CommonForm 4 ↗
Brad SmithDirector2026-06-17A5,0701262,513CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,4201062,518CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,42000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D5,07000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,0901062,502CommonForm 4 ↗
Brad SmithDirector2026-06-17A5,3301262,478CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,09000Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-07-019,40511 insiders, 11 accrual rows

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 110 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Anne SweeneyDirector2026-05-01A679$0$0Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01D105,791949,895,976Common, open-market saleForm 4 ↗
Reed HastingsDirector2026-05-01D407,55000Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01A407,550103,968,722CommonForm 4 ↗
Strive MasiyiwaDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Jeffrey William KarbowskiChief Accounting Officer2026-05-01A79200Derivative, Class A CommonForm 4 ↗
Ambassador Susan RiceDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Richard BartonDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Jay C. HoagDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Elinor MertzDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01D188,4259217,388,424Common, open-market saleForm 4 ↗
Brad SmithDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-05-01D113,3349410,672,538Common, open-market saleForm 4 ↗
Ann MatherDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Leslie KilgoreDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Mathias DopfnerDirector2026-05-01A67900Derivative, Class A CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A1,538CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D7229266,467CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D1,47000Derivative, Class A CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04A2,939CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D5,43000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A4,748CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A8,780CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D2,93900Derivative, Class A CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D5,72288504,021Common, open-market saleForm 4 ↗
David HymanChief Legal Officer2026-05-04D1,50992138,919CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04A5,430CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D1,53800Derivative, Class A CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D3,16000Derivative, Class A CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A1,470CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04A3,160CommonForm 4 ↗
Greg PetersDirector2026-05-04D14,01800Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D14,45000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04A4,900CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,37192402,394CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D2,36492217,630CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D8,78000Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04A14,018CommonForm 4 ↗
Ted SarandosDirector2026-05-04D6,97992642,487CommonForm 4 ↗
Ted SarandosDirector2026-05-04D13,017881,145,030Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D7,25688638,338Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D7,03988619,259Common, open-market saleForm 4 ↗
Ted SarandosDirector2026-05-04D14,45000Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04D14,01800Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04A25,920CommonForm 4 ↗
Greg PetersDirector2026-05-04A14,450CommonForm 4 ↗
Greg PetersDirector2026-05-04A14,018CommonForm 4 ↗
Greg PetersDirector2026-05-04D25,92000Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D12,903921,187,850CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D1,55092142,693CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D3,03000Derivative, Class A CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D1,46492134,776CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04D2,70492248,930CommonForm 4 ↗
David HymanChief Legal Officer2026-05-04A3,030CommonForm 4 ↗
Clete WillemsChief Global Affairs Officer2026-05-04D7559269,505CommonForm 4 ↗
Ted SarandosDirector2026-05-04D7,19492662,280CommonForm 4 ↗
Ted SarandosDirector2026-05-04A25,920CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D2,44092224,626CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,90000Derivative, Class A CommonForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-04D4,74800Derivative, Class A CommonForm 4 ↗
Ted SarandosDirector2026-05-04A14,450CommonForm 4 ↗
Ted SarandosDirector2026-05-04D12,903921,187,850CommonForm 4 ↗
Ted SarandosDirector2026-05-04D25,92000Derivative, Class A CommonForm 4 ↗
Greg PetersDirector2026-05-04D7,19492662,280CommonForm 4 ↗
Greg PetersDirector2026-05-04D6,97992642,487CommonForm 4 ↗
Greg PetersDirector2026-05-06D1,20900CommonForm 4 ↗
Greg PetersDirector2026-05-06D27,312892,422,421Common, open-market saleForm 4 ↗
Spencer NeumannChief Financial Officer2026-05-07D9,25389823,075CommonForm 4 ↗
Reed HastingsDirector2026-06-01A386,700103,968,702CommonForm 4 ↗
Reed HastingsDirector2026-06-01D386,70000Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-06-01D53,783874,664,476Common, open-market saleForm 4 ↗
Leslie KilgoreDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Jeffrey William KarbowskiChief Accounting Officer2026-06-01A85000Derivative, Class A CommonForm 4 ↗
Reed HastingsDirector2026-06-01D332,9178628,579,559Common, open-market saleForm 4 ↗
Strive MasiyiwaDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Ambassador Susan RiceDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Jay C. HoagDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Anne SweeneyDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Richard BartonDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Elinor MertzDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Mathias DopfnerDirector2026-06-01A72900Derivative, Class A CommonForm 4 ↗
Ann MatherDirector2026-06-01A72800Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D5,33000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,62000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,46000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D13,800781,076,534Common, open-market saleForm 4 ↗
Brad SmithDirector2026-06-17D22,190771,713,265Common, open-market saleForm 4 ↗
Brad SmithDirector2026-06-17A6,620962,473CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,4601062,449CommonForm 4 ↗
Brad SmithDirector2026-06-17A5,0701262,513CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,4201062,518CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,42000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17D5,07000Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-06-17A6,0901062,502CommonForm 4 ↗
Brad SmithDirector2026-06-17A5,3301262,478CommonForm 4 ↗
Brad SmithDirector2026-06-17D6,09000Derivative, Class A CommonForm 4 ↗
Anne SweeneyDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Jay C. HoagDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Mathias DopfnerDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Brad SmithDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Leslie KilgoreDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Richard BartonDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Ann MatherDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Ambassador Susan RiceDirector2026-07-01A84200Derivative, Class A CommonForm 4 ↗
Elinor MertzDirector2026-07-01A84300Derivative, Class A CommonForm 4 ↗
Jeffrey William KarbowskiChief Accounting Officer2026-07-01A98300Derivative, Class A CommonForm 4 ↗
Strive MasiyiwaDirector2026-07-01A84300Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ted SarandosPerformance-Based Cash Bonus$0
Reed HastingsOPTION2025-09-0252033,826
Reed HastingsOPTION2025-10-0153033,630
Spencer NeumannRSU2025-01-2358,7005,781,128
Clete WillemsRSU2025-04-2816,1101,788,822
Clete WillemsRSU2025-04-2837,9104,209,451
David HymanRSU2025-01-2336,3403,578,981
Ted SarandosRSU2025-01-23173,30017,067,624
Reed HastingsOPTION2025-06-0251034,424
Ted SarandosPSU2025-01-2386,65024,330,800
Greg PetersPerformance-Based Cash Bonus0
Reed HastingsRSU2025-01-233,920386,065
Spencer NeumannPSU2025-01-2358,70029,350117,4008,241,304
Reed HastingsPSU2025-01-233,9201,9607,840550,356
Reed HastingsOPTION2025-07-0148033,268
Reed HastingsOPTION2025-05-0155034,520
Reed HastingsOPTION2025-08-0154033,521
Greg PetersRSU2025-01-23173,30017,067,624
Reed HastingsOPTION2025-12-0157634,064
Clete WillemsPSU2025-04-2816,1108,05532,2202,867,258
David HymanPSU2025-01-2336,34018,17072,6805,102,027
Reed HastingsOPTION2025-11-0357033,981
Greg PetersPSU2025-01-2386,65024,330,800
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ted Sarandos$17,067,624$24,330,800$058.8%
Reed Hastings386,065550,356271,23445.6%
Spencer Neumann5,781,1288,241,304058.8%
Clete Willems5,998,2732,867,258032.3%
David Hyman3,578,9815,102,027058.8%
Greg Peters17,067,62424,330,800058.8%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Reed HastingsOption179,58035.73
Reed HastingsOption223,73028.68
Reed HastingsOption188,39031.74
Reed HastingsOption407,5509.74
Ted SarandosOption61,21049.86
Reed HastingsOption321,88012.33
Reed HastingsOption238,02026.96
Spencer NeumannOption37,76038.62
Reed HastingsOption131,31053.94
Spencer NeumannOption31,58032.98
Ted SarandosOption181,13023
Spencer NeumannOption32,01035.8
Reed HastingsOption114,66061.78
Spencer NeumannOption36,17040.31
Greg PetersOption39,49036.41
Ted SarandosOption62,84048.56
Ted SarandosOption44,81068.12
Greg PetersOption26,66053.9
Reed HastingsOption426,2909.31
Spencer NeumannOption33,04044.14
Reed HastingsOption242,64018.2
Reed HastingsOption338,57011.72
David HymanRSU24,2302,271,805
Reed HastingsOption16,62031.35
Ted SarandosOption83,55033.66
Ted SarandosOption60,49050.46
David HymanRSU21,7502,039,280
Ted SarandosOption49,40061.78
Reed HastingsOption145,85048.56
Ted SarandosOption52,43058.21
David HymanOption15,60052.75
Greg PetersOption34,61041.53
Greg PetersOption33,75042.59
Reed HastingsOption570110.01
Ted SarandosRSU346,60032,497,216
Greg PetersRSU346,60032,497,216
Ted SarandosRSU207,42019,447,699
Ted SarandosOption56,58053.94
Ted SarandosOption55,43055.06
Spencer NeumannOption27,59041.53
Greg PetersRSU103,7109,723,850
Reed HastingsOption249,52017.7
Ted SarandosRSU115,54010,833,030
Greg PetersRSU115,54010,833,030
Reed HastingsOption225,57026.51
Reed HastingsOption197,86035.8
Ted SarandosOption117,60019.29
Reed HastingsOption183,40038.62
Reed HastingsOption168,67036.2
David HymanRSU43,5004,078,560
Clete WillemsRSU40,1603,765,402
Reed HastingsOption154,95045.71
Greg PetersOption29,60048.56
Spencer NeumannOption73,13019.95
Ted SarandosOption109,56038.03
Spencer NeumannRSU35,1303,293,789
Spencer NeumannOption22,98049.86
Ted SarandosOption83,83036.41
Spencer NeumannOption20,58055.66
Greg PetersOption24,70058.21
Spencer NeumannOption46,01031.7
Greg PetersOption77,04046.85
Reed HastingsOption127,27055.66
Greg PetersOption65,77036.2
Ted SarandosOption82,76033.99
Ted SarandosOption82,48035.99
Reed HastingsOption118,58059.74
Greg PetersOption42,96032.98
Reed HastingsOption390,97010.15
Ted SarandosOption78,71035.73
David HymanOption16,31050.46
David HymanOption16,95048.56
Greg PetersRSU207,42019,447,699
Reed HastingsOption355,13019.95
Ted SarandosRSU103,7109,723,850
Ted SarandosOption174,31023.9
Reed HastingsOption11,87043.86
David HymanOption19,32042.59
Spencer NeumannOption19,36059.74
Spencer NeumannRSU70,2606,587,578
05

Incentive-plan design — the Compensation Discussion & Analysis

Consistent with our compensation philosophy, all Named Executive Officers target compensation opportunities were significantly at-risk and comprised primarily of long-term and performance elements.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-042,660,768,297517,268,24613,430,07983.72%Passed
20252025-06-05283,557,55247,780,267981,00585.58%Passed
20242024-06-06275,463,53658,729,6391,016,68082.43%Passed
20232023-06-0197,785,298241,711,147685,88128.8%Failed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0483.72%a
20252025-06-0585.58%b
20242024-06-0682.43%c

a. Approved under the standard stated in the filing — “Required Vote The affirmative vote of the majority of the shares present or represented by proxy at the meeting and entitled to vote on the proposal is required to approve the compensation of our Named Executive Officers disclosed in this Proxy Statement.”.

b. Approved under the standard stated in the filing — “Vote Required Effect of an Abstention Effect of a Broker Non-Vote Management Proposals Proposal 1: Director Elections Majority of votes cast No effect No effect Proposal 2: Ratification of Auditors Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against Not applicable, as discretionary vote is permitted Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay") Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against No effect Stockholder Proposals Proposals 4 through 8 Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against No effect If you hold your shares through a broker, bank or other nominee ("street name") it is critical that you cast your vote if you want it to count in the election of directors (Proposal 1 of this Proxy Statement), advisory approval of Named Executive Officer compensation (Proposal 3 of this Proxy Statement), and any of the stockholder proposals (Proposals Four through Eight of this Proxy Statement).”.

c. Approved under the standard stated in the filing — “Vote Required Effect of an Abstention Effect of a Broker Non-Vote Management Proposals Proposal 1: Director Elections Majority of votes cast No effect No effect Proposal 2: Ratification of Auditors Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against Not applicable, as discretionary vote is permitted Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay") Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against No effect Stockholder Proposals Proposals 4 through 8 Majority of shares present or represented by proxy at the meeting and entitled to vote on the proposal Treated as a Vote Against No effect If you hold your shares through a broker, bank or other nominee ("street name") it is critical that you cast your vote if you want it to count in the election of directors (Proposal 1 of this Proxy Statement), advisory approval of Named Executive Officer compensation (Proposal 3 of this Proxy Statement), and any of the stockholder proposals (Proposals 4 through 8 of this Proxy Statement).”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)252 : 1
CEO total compensation$53,187,307
Median employee compensation$211,201
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Brad SmithIndependent · Nominating and Governance$0$407,877$0$407,877
Anne SweeneyIndependent · Compensation0407,8770407,877
Leslie KilgoreIndependent · Compensation (Chair)0407,8770407,877
Mathias DöpfnerIndependent · Compensation0407,8770407,877
Ann MatherIndependent · Audit (Chair)0407,8770407,877
Richard BartonIndependent · Audit0407,8770407,877
Strive MasiyiwaIndependent · Nominating and Governance0407,8770407,877
Jay C. HoagIndependent · Lead Independent Director · Nominating and Governance (Chair)0407,8770407,877
Ambassador Susan RiceIndependent · Nominating and Governance25,0000373,5920398,592
Timothy M. HaleyIndependent · Compensation (Chair, through June 5, 2025) · Not standing for re-election · Departed during FY0205,2110205,211
Elinor MertzIndependent · Audit · Partial-year service · Newly elected00202,0320202,032
Ted SarandosEmployee director00000
Greg PetersEmployee director00000
Reed HastingsEmployee director · Board Chair · Not standing for re-election00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$407,877
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$25,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$25,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Netflix names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Netflix.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Warner Bros. Discovery2025David Zaslav$3,000,000$22,597,744$109,593,181$25,726,018$165,009,366
2Netflix2025Ted Sarandos3,000,00041,398,42407,053,95853,905,972
3ServiceNow, Inc.2025William McDermott1,516,66743,481,65103,522,37551,550,957
4Adobe, Inc.2025Shantanu Narayen1,500,00045,376,11003,120,00051,173,935
5Salesforce, Inc.2026Marc Benioff1,550,00027,265,36010,743,0973,602,58849,379,252
6The Walt Disney Company2025Robert Iger1,000,00021,000,05714,000,0067,250,00045,842,574
7Mastercard Incorporated2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
8Booking Holdings Inc.2025Glenn Fogel1,250,00026,202,27904,042,50035,418,102
9Comcast Corporation2025Brian Roberts2,600,96223,473,07608,583,17535,148,413
10Verizon Communications Inc.2025Daniel Schulman375,00032,774,7950937,50034,311,016
11Fox Corporation2025Lachlan Murdoch3,000,00010,594,8602,750,00010,680,00032,980,954
12Visa Inc.2025Ryan McInerney1,505,78218,723,3065,687,5095,250,00031,560,660
13Electronic Arts Inc.2025Andrew Wilson1,300,00025,710,91002,840,06730,529,835
14AT&T Inc.2025John Stankey2,400,00019,500,01206,272,00029,906,872
15PayPal Holdings, Inc.2025Alex Chriss1,325,34223,365,2940025,243,486
16Meta Platforms, Inc.2025Mark Zuckerberg100025,125,904
17Sirius XM Holdings, Inc.2025Jennifer Witz2,000,000006,000,0008,012,795
18Charter Communications, Inc.2025Christopher Winfrey1,823,846004,263,1466,466,193
19Oracle Corporation2025Safra Catz950,0000001,113,417
20Tesla, Inc.2024Elon Musk00000
Paramount Globalnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Netflix117.57%PSU 50 · RSU 50Yes — Company TSR relative to the TSR of the companies in the S&P 500Compensia
Adobe, Inc.104%PSU 70 · RSU 30YesCompensia, Inc.
AT&T Inc.112%PSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR) Payout ModifierFrederic W. Cook & Co., Inc. (FW Cook)
Booking Holdings Inc.162%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (rTSR)Semler Brossy
Charter Communications, Inc.94.3%Options 90 · RSU 10not disclosedSemler Brossy Consulting Group, LLC
Comcast Corporation110%PSU 100Yes — Relative TSR ModifierKorn Ferry
Electronic Arts Inc.87.4%PSU 60 · RSU 40Yes — Absolute TSRSemler Brossy
Fox Corporation178%RSU 50 · Options 25 · PSU 25YesFW Cook
Mastercard Incorporated227%PSU 60 · RSU 20 · Options 20NoFW Cook
Meta Platforms, Inc.115%RSU 100not disclosedCompensia, Inc.
Oracle Corporationnot disclosedOptions 100NoCompensia, Inc.
Paramount Global164.2%PSU 50 · RSU 50NoClearBridge
PayPal Holdings, Inc.98%PSU 50 · RSU 50Yes — rTSR vs S&P 500Compensia
Salesforce, Inc.103.3%PSU 67 · Options 33Yes — Relative TSRSemler Brossy
ServiceNow, Inc.not disclosedPSU 60 · RSU 40Yes — rTSR vs. S&P 500Pay Governance, LLC
Sirius XM Holdings, Inc.102%not disclosedNoMeridian Compensation Partners, LLC
Tesla, Inc.not disclosedOptions 80 · RSU 20NoCompensia, Inc.
The Walt Disney Company144.4%PSU 60 · Options 40Yes — TSR performance relative to the S&P 500 Media & Entertainment IndexPay Governance LLC
Verizon Communications Inc.100%PSU 60 · RSU 40Yes — relative total shareholder return (TSR) position compared with the companies in the S&P 100Meridian Compensation Partners, LLC
Visa Inc.140%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. S&P 500Meridian
Warner Bros. Discovery116.9%PSU 100NoPay Governance

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ted SarandosDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 53,905,972. Filing ↗machine: r3 · c30 · span 622677–622687
2Section 01, Greg PetersDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 53,187,307. Filing ↗machine: r9 · c30 · span 633365–633375
3Section 01, Spencer NeumannDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 20,834,050. Filing ↗machine: r21 · c30 · span 654699–654709
4Section 01, David HymanDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 15,400,781. Filing ↗machine: r27 · c30 · span 665349–665359
5Section 01, Clete WillemsDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 14,334,095. Filing ↗machine: span 677131–677141
6Section 01, Reed HastingsDEF 14A2026-04-160001193125-26-159286Section “Summary Compensation Table”. As printed: 1,242,113. Filing ↗machine: r15 · c30 · span 644051–644060
7Section 03, Ted Sarandos Performance-Based Cash BonusDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t18 · r21 · c0 · span 96601–96602
8Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r10 · c64 · span 758841–758844
9Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r20 · c54 · span 775910–775913
10Section 03, Spencer Neumann RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r29 · c39 · span 792326–792332
11Section 03, Clete Willems RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r43 · c39 · span 819280–819286
12Section 03, Clete Willems RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r47 · c49 · span 830410–830416
13Section 03, David Hyman RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r36 · c39 · span 805775–805781
14Section 03, Ted Sarandos RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t223 · r6 · c39 · span 708668–708675
15Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r17 · c6 · span 647091–647094
16Section 03, Ted Sarandos PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t223 · r6 · c34 · span 708412–708418
17Section 03, Greg Peters Performance-Based Cash BonusDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t18 · r17 · c0 · span 95090–95091
18Section 03, Reed Hastings RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r6 · c39 · span 750750–750755
19Section 03, Spencer Neumann PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r29 · c34 · span 792070–792076
20Section 03, Reed Hastings PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r6 · c34 · span 750495–750500
21Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r14 · c54 · span 765361–765364
22Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r6 · c64 · span 751860–751863
23Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r16 · c54 · span 768877–768880
24Section 03, Greg Peters RSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t223 · r13 · c39 · span 722124–722131
25Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t199 · r5 · c9 · span 597927–597930
26Section 03, Clete Willems PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r43 · c34 · span 819025–819030
27Section 03, David Hyman PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t226 · r36 · c34 · span 805519–805525
28Section 03, Reed Hastings OPTIONDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t199 · r3 · c9 · span 594295–594298
29Section 03, Greg Peters PSUDEF 14A2026-04-160001193125-26-159286Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t223 · r13 · c34 · span 721868–721874
30Section 07, pay ratioDEF 14A2026-04-160001193125-26-159286Section “CEO Pay Ratio”. As printed: 252 : 1. Filing ↗machine: span 1953512–1953520
31Section 08, Brad SmithDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
32Section 08, Anne SweeneyDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
33Section 08, Leslie KilgoreDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
34Section 08, Mathias DöpfnerDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
35Section 08, Ann MatherDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
36Section 08, Richard BartonDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗machine: t102 · r3 · c9 · span 336065–336072
37Section 08, Strive MasiyiwaDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
38Section 08, Jay C. HoagDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 407,877. Filing ↗
39Section 08, Ambassador Susan RiceDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 398,592. Filing ↗
40Section 08, Timothy M. HaleyDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 205,211. Filing ↗machine: t102 · r7 · c9 · span 339275–339282
41Section 08, Elinor MertzDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 202,032. Filing ↗machine: t102 · r17 · c9 · span 346999–347006
42Section 08, Ted SarandosDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 0. Filing ↗
43Section 08, Greg PetersDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 0. Filing ↗
44Section 08, Reed HastingsDEF 14A2026-04-160001193125-26-159286Section “Director Compensation”. As printed: 0. Filing ↗
45Section 02, Anne Sweeney 2026-05-01Form 42026-05-040001065280-26-000156Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Strive Masiyiwa 2026-05-01Form 42026-05-040001065280-26-000151Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Jeffrey William Karbowski 2026-05-01Form 42026-05-040001065280-26-000153Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Ambassador Susan Rice 2026-05-01Form 42026-05-040001065280-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Richard Barton 2026-05-01Form 42026-05-040001065280-26-000160Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Jay C. Hoag 2026-05-01Form 42026-05-040001082906-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Elinor Mertz 2026-05-01Form 42026-05-040001065280-26-000158Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Brad Smith 2026-05-01Form 42026-05-040001065280-26-000154Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Reed Hastings 2026-05-01Form 42026-05-040001065280-26-000150Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Ann Mather 2026-05-01Form 42026-05-040001065280-26-000152Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Leslie Kilgore 2026-05-01Form 42026-05-040001065280-26-000155Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Mathias Dopfner 2026-05-01Form 42026-05-040001065280-26-000157Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, David Hyman 2026-05-04Form 42026-05-050001065280-26-000166Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Clete Willems 2026-05-04Form 42026-05-050001065280-26-000167Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Spencer Neumann 2026-05-04Form 42026-05-050001065280-26-000170Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Ted Sarandos 2026-05-04Form 42026-05-050001065280-26-000169Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Greg Peters 2026-05-04Form 42026-05-050001065280-26-000168Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, Greg Peters 2026-05-06Form 42026-05-070001583109-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Greg Peters 2026-05-06Form 42026-05-070001583109-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Spencer Neumann 2026-05-07Form 42026-05-070001065280-26-000172Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Reed Hastings 2026-06-01Form 42026-06-020001065280-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Reed Hastings 2026-06-01Form 42026-06-020001065280-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, Reed Hastings 2026-06-01Form 42026-06-020001065280-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Reed Hastings 2026-06-01Form 42026-06-020001065280-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Leslie Kilgore 2026-06-01Form 42026-06-020001065280-26-000181Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Jeffrey William Karbowski 2026-06-01Form 42026-06-020001065280-26-000180Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, Reed Hastings 2026-06-01Form 42026-06-020001065280-26-000188Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, Strive Masiyiwa 2026-06-01Form 42026-06-020001065280-26-000182Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Ambassador Susan Rice 2026-06-01Form 42026-06-020001065280-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, Jay C. Hoag 2026-06-01Form 42026-06-020001082906-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Brad Smith 2026-06-01Form 42026-06-020001065280-26-000186Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, Anne Sweeney 2026-06-01Form 42026-06-020001065280-26-000187Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Richard Barton 2026-06-01Form 42026-06-020001065280-26-000178Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Elinor Mertz 2026-06-01Form 42026-06-020001065280-26-000184Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Mathias Dopfner 2026-06-01Form 42026-06-020001065280-26-000179Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, Ann Mather 2026-06-01Form 42026-06-020001065280-26-000183Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
132Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
133Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
134Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
135Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
136Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
137Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
138Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
139Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
140Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
141Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
142Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
143Section 02, Brad Smith 2026-06-17Form 42026-06-180001065280-26-000191Insider equity transaction reported since the proxy statement. Filing ↗
144Section 02, Anne Sweeney 2026-07-01Form 42026-07-020001065280-26-000207Insider equity transaction reported since the proxy statement. Filing ↗
145Section 02, Jay C. Hoag 2026-07-01Form 42026-07-020001082906-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
146Section 02, Mathias Dopfner 2026-07-01Form 42026-07-020001065280-26-000201Insider equity transaction reported since the proxy statement. Filing ↗
147Section 02, Brad Smith 2026-07-01Form 42026-07-020001065280-26-000206Insider equity transaction reported since the proxy statement. Filing ↗
148Section 02, Leslie Kilgore 2026-07-01Form 42026-07-020001065280-26-000202Insider equity transaction reported since the proxy statement. Filing ↗
149Section 02, Richard Barton 2026-07-01Form 42026-07-020001065280-26-000200Insider equity transaction reported since the proxy statement. Filing ↗
150Section 02, Ann Mather 2026-07-01Form 42026-07-020001065280-26-000204Insider equity transaction reported since the proxy statement. Filing ↗
151Section 02, Ambassador Susan Rice 2026-07-01Form 42026-07-020001065280-26-000209Insider equity transaction reported since the proxy statement. Filing ↗
152Section 02, Elinor Mertz 2026-07-01Form 42026-07-020001065280-26-000205Insider equity transaction reported since the proxy statement. Filing ↗
153Section 02, Jeffrey William Karbowski 2026-07-01Form 42026-07-020001065280-26-000208Insider equity transaction reported since the proxy statement. Filing ↗
154Section 02, Strive Masiyiwa 2026-07-01Form 42026-07-020001065280-26-000203Insider equity transaction reported since the proxy statement. Filing ↗
155Section 06, 2026 voteForm 8-K2026-06-050001065280-26-000189Item 5.07 · say-on-pay result. As reported: 83.72% (votes for as printed: 2,660,768,297). Filing ↗
156Section 06, 2025 voteForm 8-K2025-06-060001065280-25-000286Item 5.07 · say-on-pay result. As reported: 85.58% (votes for as printed: 283,557,552). Filing ↗
157Section 06, 2024 voteForm 8-K2024-06-070001065280-24-000185Item 5.07 · say-on-pay result. As reported: 82.43% (votes for as printed: 275,463,536). Filing ↗
158Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
159Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
160Section 09b board cost (computed)ComputedcomputedCash 25,000 + equity 0 + all other 0 = 25,000, summed across the director compensation table rows.machine: formula: Σ = 25,000
161Warner Bros. Discovery, Section 10b CEO totalDEF 14A2026-04-300001437107-26-000046CEO total compensation as printed in Warner Bros. Discovery's own proxy. As printed: 165,009,366. Filing ↗machine: span 1634526–1634537
162Netflix (subject), Section 10b CEO totalDEF 14A2026-04-160001193125-26-159286CEO total compensation as printed in Netflix's own proxy. As printed: 53,905,972. Filing ↗machine: r3 · c30 · span 622677–622687
163ServiceNow, Inc., Section 10b CEO totalDEF 14A2026-04-060001373715-26-000039CEO total compensation as printed in ServiceNow, Inc.'s own proxy. As printed: 51,550,957. Filing ↗machine: r2 · c8 · span 2636904–2636914
164Adobe, Inc., Section 10b CEO totalDEF 14A2026-02-270000796343-26-000043CEO total compensation as printed in Adobe, Inc.'s own proxy. As printed: 51,173,935. Filing ↗machine: r3 · c51 · span 923759–923769
165Salesforce, Inc., Section 10b CEO totalDEF 14A2026-04-160001108524-26-000085CEO total compensation as printed in Salesforce, Inc.'s own proxy. As printed: 49,379,252. Filing ↗machine: r4 · c24 · span 1710833–1710843
166The Walt Disney Company, Section 10b CEO totalDEF 14A2026-01-220001744489-26-000013CEO total compensation as printed in The Walt Disney Company's own proxy. As printed: 45,842,574. Filing ↗machine: r3 · c27 · span 1324221–1324231
167Mastercard Incorporated, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in Mastercard Incorporated's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
168Booking Holdings Inc., Section 10b CEO totalDEF 14A2026-04-210001308179-26-000310CEO total compensation as printed in Booking Holdings Inc.'s own proxy. As printed: 35,418,102. Filing ↗machine: span 2167953–2167963
169Comcast Corporation, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177138CEO total compensation as printed in Comcast Corporation's own proxy. As printed: 35,148,413. Filing ↗machine: r4 · c25 · span 1522252–1522262
170Verizon Communications Inc., Section 10b CEO totalDEF 14A2026-04-060001308179-26-000210CEO total compensation as printed in Verizon Communications Inc.'s own proxy. As printed: 34,311,016. Filing ↗machine: t26 · r1 · c16 · span 239072–239082
171Fox Corporation, Section 10b CEO totalDEF 14A2025-09-250001628280-25-042772CEO total compensation as printed in Fox Corporation's own proxy. As printed: 32,980,954. Filing ↗machine: span 656057–656067
172Visa Inc., Section 10b CEO totalDEF 14A2025-12-080001308179-25-000635CEO total compensation as printed in Visa Inc.'s own proxy. As printed: 31,560,660. Filing ↗machine: t249 · span 1369402–1369412
173Electronic Arts Inc., Section 10b CEO totalDEF 14A2025-06-240001308179-25-000556CEO total compensation as printed in Electronic Arts Inc.'s own proxy. As printed: 30,529,835. Filing ↗machine: t128 · r2 · c14 · span 604029–604039
174AT&T Inc., Section 10b CEO totalDEF 14A2026-03-230001193125-26-119888CEO total compensation as printed in AT&T Inc.'s own proxy. As printed: 29,906,872. Filing ↗machine: t295 · r3 · c35 · span 1189292–1189302
175PayPal Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145721CEO total compensation as printed in PayPal Holdings, Inc.'s own proxy. As printed: 25,243,486. Filing ↗machine: t411 · r4 · c27 · span 1387299–1387309
176Meta Platforms, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025532CEO total compensation as printed in Meta Platforms, Inc.'s own proxy. As printed: 25,125,904. Filing ↗machine: r2 · c36 · span 652962–652972
177Sirius XM Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041777CEO total compensation as printed in Sirius XM Holdings, Inc.'s own proxy. As printed: 8,012,795. Filing ↗machine: r2 · c53 · span 986498–986507
178Charter Communications, Inc., Section 10b CEO totalDEF 14A2026-03-120001140361-26-009220CEO total compensation as printed in Charter Communications, Inc.'s own proxy. As printed: 6,466,193. Filing ↗machine: r2 · c28 · span 716263–716272
179Oracle Corporation, Section 10b CEO totalDEF 14A2025-09-260001193125-25-220801CEO total compensation as printed in Oracle Corporation's own proxy. As printed: 1,113,417. Filing ↗machine: r5 · c28 · span 1109060–1109069
180Tesla, Inc., Section 10b CEO totalDEF 14A2025-09-170001104659-25-090866CEO total compensation as printed in Tesla, Inc.'s own proxy. As printed: 0. Filing ↗
181Section 10a, The Walt Disney Company reciprocityDEF 14A0001744489-26-000013The Walt Disney Company names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
182Section 10a, Verizon Communications Inc. reciprocityDEF 14A0001308179-26-000210Verizon Communications Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
183Section 10a, Visa Inc. reciprocityDEF 14A0001308179-25-000635Visa Inc.'s most recent proxy was read; its disclosed peer group does not include Netflix. Filing ↗
184Section 10a, Charter Communications, Inc. reciprocityDEF 14A0001140361-26-009220Charter Communications, Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
185Section 10a, Electronic Arts Inc. reciprocityDEF 14A0001308179-25-000556Electronic Arts Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
186Section 10a, Sirius XM Holdings, Inc. reciprocityDEF 14A0001104659-26-041777Sirius XM Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Netflix. Filing ↗
187Section 10a, Comcast Corporation reciprocityDEF 14A0001193125-26-177138Comcast Corporation names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
188Section 10a, Oracle Corporation reciprocityDEF 14A0001193125-25-220801Oracle Corporation's most recent proxy was read; its disclosed peer group does not include Netflix. Filing ↗
189Section 10a, Warner Bros. Discovery reciprocityDEF 14A0001437107-26-000046Warner Bros. Discovery names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
190Section 10a, PayPal Holdings, Inc. reciprocityDEF 14A0001193125-26-145721PayPal Holdings, Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
191Section 10a, Paramount Global reciprocityDEF 14A0001140361-25-021135Paramount Global names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
192Section 10a, Booking Holdings Inc. reciprocityDEF 14A0001308179-26-000310Booking Holdings Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
193Section 10a, Salesforce, Inc. reciprocityDEF 14A0001108524-26-000085Salesforce, Inc.'s most recent proxy was read; its disclosed peer group does not include Netflix. Filing ↗
194Section 10a, AT&T Inc. reciprocityDEF 14A0001193125-26-119888AT&T Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
195Section 10a, Fox Corporation reciprocityDEF 14A0001628280-25-042772Fox Corporation names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
196Section 10a, Meta Platforms, Inc. reciprocityDEF 14A0001628280-26-025532Meta Platforms, Inc. names Netflix in its own disclosed peer group (read from its most recent proxy). Filing ↗
197Section 10a, Mastercard Incorporated reciprocityDEF 14A0001141391-26-000021Mastercard Incorporated's most recent proxy was read; its disclosed peer group does not include Netflix. Filing ↗