MI­CROSOFT CEO NADELLA RAKES IN $35 MIL­LION

Hindustan Times (Delhi) - - NATION -

WASH­ING­TON: Mi­crosoft’s In­di­ano­ri­gin CEO Satya Nadella has net­ted more than $35 mil­lion af­ter sell­ing al­most one-third of his com­mon shares in the com­pany.

Nadella sold 328,000 shares in mul­ti­ple trades at prices rang­ing from $109.08 to $109.68 as the stock traded near a record price.

The sale was dis­closed in a reg­u­la­tory fil­ing on Fri­day.

Mi­crosoft shares have soared 53% in the past year, clos­ing the week at $109. The record clos­ing price was $110.83 on July 25.

Nadella, 50, still owns 778,596 shares of com­mon stock in the soft­ware gi­ant. He is re­quired to have 15 times his base salary in stock.

His an­nual base salary in 2017 was $1.45 mil­lion, and to­tal com­pen­sa­tion ex­ceeded $20 mil­lion.

“The stock di­vesti­tures made to­day were for per­sonal fi­nan­cial plan­ning and di­ver­si­fi­ca­tion rea­sons,” a Mi­crosoft spokesper­son told CNBC.

“Satya is com­mit­ted to the con­tin­ued suc­cess of the com­pany and his hold­ings sig­nif­i­cantly ex­ceed the hold­ing re­quire­ments set by the Mi­crosoft board of direc­tors,” he said.

Since Nadella took over as CEOIN 2014, Mi­crosoft’s shares have tripled in value.

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