---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-23-000334"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:23:21.721700+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Netflix sets 2024 executive compensation: fixed salaries, RSUs/PSUs, expanded bonus, new severance plan

## Summary
- Compensation Committee approved 2024 comp for co-CEOs Sarandos, Peters; Chairman Hastings; CFO Neumann; CLO Hyman.
- Eliminated cash/stock option allocation choice; set base salaries: co-CEOs $3M, Hastings $100k, others $1.5M.
- Expanded annual bonus to all execs at 200% target; granted RSUs and PSUs (relative TSR metric) instead of stock options.
- Total target compensation: co-CEOs $40M each, Hastings $1M, Neumann $15M, Hyman $11M.
- New Executive Officer Severance Plan effective Jan 1, 2024: up to 2x base+bonus in CIC, or base+bonus+LTI outside CIC.

## SEC filing metadata
- accession: 0001065280-23-000334
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000334/0001065280-23-000334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528023000334/nflx-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-23-000334
- JSON: https://secwatch.observer/filing/0001065280-23-000334.json
- Plain text: https://secwatch.observer/filing/0001065280-23-000334.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.