Netflix Chairman and CEO Reed Hastings is getting a 50 percent pay bump in 2014 after a year in which shares of the online video subscription company quadrupled to an all-time high.
A regulatory filing shows that Hastings’ annual salary will climb from $2 million to $3 million next year, and his annual stock-option allowance also will rise by $1 million to $3 million. The $6 million in total pay compares to $4 million in 2013, when his pay doubled.
Netflix shares hit an all-time high price of $389.16 in October after ending 2012 at $92.59.
The company this year began releasing original content like its “House of Cards” and “Orange is the New Black” series, both of which have been a huge hit with viewers.