Microsoft CEO Satya Nadella simply bought nearly one-third of his commonplace stocks within the device corporate because the inventory trades close to a document worth.
The inventory sale, disclosed in a regulatory submitting on Friday, netted Nadella greater than $35 million. He bought 328,000 stocks in more than one trades at costs starting from $109.08 to $109.68.
Microsoft stocks have soared 53 p.c previously 12 months, remaining the week at $109. The document remaining worth used to be $110.83 on July 25.
Nadella, 50, nonetheless personal 778,596 stocks of commonplace inventory. As of Sept. 29, he additionally had 2.28 million further underlying stocks or inventory gadgets, in step with the newest proxy commentary. Nadella is needed to have 15 instances his base wage in inventory.
His annual base wage in 2017 used to be $1.45 million, and overall reimbursement exceeded $20 million.
“The inventory divestitures made lately have been for private monetary making plans and diversification causes,” a Microsoft spokesperson advised CNBC in an electronic mail. “Satya is dedicated to the continuing good fortune of the corporate and his holdings considerably exceed the maintaining necessities set by means of the Microsoft board of administrators.”
Since Nadella took over the CEO function from Steve Ballmer in February 2014, Microsoft stocks have tripled in worth. He final bought stocks in 2016, when the inventory used to be price round $58 in line with proportion.