Netflix CEO Reed Hastings Earned $5.5 Million in 2012

1:32 PM PDT 4/26/2013 by Paul Bond

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Reed Hastings

His earnings were down from $9.3 million a year earlier as his option awards shrunk by $3.8 million.

Netflix CEO Reed Hastings earned $5.5 million in 2012, down from $9.3 million a year earlier as his option awards shrunk by $3.8 million.

Chief content officer Ted Sarandos made $6.5 million, up from $4.9 million.

Neil Hunt, chief product officer, made $5.5 million, up from $3.6 million; general counsel David Hyman earned $2.3 million, up from $1.7 million; and CFO David Wells made $2 million, up from $1.4 million.

While Hastings compensation fell 41 percent, Netflix shares in 2012 advanced 34 percent.

Hastings was paid $509,615 in salary and a little over $5 million in option awards. The year before, he was awarded an unusually large amount of options: $8.8 million.

Of the five principal positions disclosed on Friday, only Wells earned a smaller basic salary -- $496,154 -- than did Hastings.

Hastings, who owns about 4.5 percent of Netflix's shares, will make a huge amount on paper, at least, this year, if Netflix stock keeps behaving as it has thus far. Netflix shares closed 1 percent higher Friday, at $215.55, and are up 133 percent in 2013.

Carl Icahn, though, is the biggest gainer with Netflix's recent stock run. The activist investor bought 9.9 percent of the company six months ago and the stock is up 207 percent since then.

Email: Paul.Bond@THR.com