I thought the law is specifying base salary required, but not total comp. Meanwhile, Netflix offers flexibility in choosing base vs. equity rewards. So, while

I thought the law is specifying base salary required, but not total comp. Meanwhile, Netflix offers flexibility in choosing base vs. equity rewards. So, while not required to, Netflix is providing the total comp guidance: "This market range is based on total compensation (vs. only base salary), which is in line with our compensation philosophy."