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Churchill Downs Inc

CHDN · FY2025

MISALIGNED

CEO Package

$19.2M

Pay Ratio

—

William C. Carstanjen

Pay rose +26.9% while TSR fell -13.8 pts

NETFLIX INC

NFLX · FY2025

MIXED

CEO Package

$53.9M

Pay Ratio

—

Ted Sarandos

Both pay and TSR fell, but the reset was partial

Spotify Technology S.A.

SPOT · FY2025

MIXED

CEO Package

$694K

Pay Ratio

—

Daniel Ek

Awaiting a fuller pay-performance history

CEOTotal Compensation — All Companies

CHDN$19.2MNFLX$53.9MSPOT$694K

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

NFLX carries the largest package at $53.9M, about 77.6x SPOT.
CHDN reads misaligned, while NFLX looks mixed.
NFLX is the most equity-heavy package, while SPOT leans hardest on other compensation.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CHDN

William C. Carstanjen

$19.2M

base salary9%
stock awards60%
non-equity incentive compensation30%
other compensation1%

NFLX

Ted Sarandos

$53.9M

base salary6%
stock awards77%
non-equity incentive compensation13%
other compensation5%

SPOT

Daniel Ek

$694K

other compensation100%

Quick Comparison

CompanyCEOLatest YearTotal Comp
Churchill Downs Inc(CHDN)William C. Carstanjen2025$19.2M
NETFLIX INC(NFLX)Ted Sarandos2025$53.9M
Spotify Technology S.A.(SPOT)Daniel Ek2025$0.7M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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