Netflix's Reed Hastings exercised $612 mln from stock options in 2020

Hastings (pic) purchased over 1.33 million Netflix shares last year in the exercising of his stock options, according to a filing

Netflix Inc co-Chief Executive Officer Reed Hastings realized $612.13 million from exercising his stock options in 2020, a year of bumper subscription growth for the video-streaming giant.

The company, which crossed 200 million subscribers last year as people sought entertainment from home during the COVID-19-imposed lockdowns, saw its shares rise more than 67% in 2020.