Sarandos had a $20 million base salary, with options awards of $28.5 million.
Sarandos has always taken a very large chunk in cash.
Netflix has tangled with shareholders in recent years over its executive compensation.
Ted Sarandos, Reed HastingsNetflix
In January, Netflix co-founder Hastings segued to a executive chairman role.
Sarandos and former chief operating officer and chief product officer Greg Peters are now co-CEOs.
Netflix will hold its annual meeting of shareholders June 8.
