Satya Nadella nets dollar 36 million after selling 30 percent of his Microsoft stock

Aug 11, 2018, 17:41 IST | IANS

He sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68, CNBC reported citing a regulatory filing on Friday

Satya Nadella nets dollar 36 million after selling 30 percent of his Microsoft stock
Satya Nadella

Microsoft CEO Satya Nadella netted $35.9 million after selling around 30 per cent of his common shares in the company, the media reported.

He sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68, CNBC reported citing a regulatory filing on Friday.

"The stock divestitures made today were for personal financial planning and diversification reasons," a Microsoft spokesperson was quoted as saying.

"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."

Nadella, whose annual base salary last year was $1.45 million and total compensation exceeded $20 million, is required to have 15 times his base salary in stock.

After the latest stock sale, he still owns 778,596 shares of common stock, the report said.

This the second time Nadella has sold Microsoft stock since becoming CEO in 2014. He sold 143,000 shares worth $8.3 million two years ago, according to filings, The Seattle Times reported.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Pervert arrested for molesting a minor at Mumbai Central station's foot over bridge

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK