To be absolutely clear, comp is not based on stock appreciation. You get your grant (aka no. of stocks/RSUs) that vest at some cadence. By the time you vest a tranche and share price has increased is an added bonus (though generally people in tech think 4x in 4 years is their birth right.)
As for Netflix, they do give you option of choosing to split your salary every year i.e all cash, all options, some cash and some options as you see fit.
As for Netflix, they do give you option of choosing to split your salary every year i.e all cash, all options, some cash and some options as you see fit.