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Microsoft CEO Satya Nadella sells $36 million in stock in biggest sale

Nadella will continue to divest shares in the next year through the structured plan in which he doesn't control the timing or amounts sold

Spencer Soper I Bloomberg 

Satya Nadella, Microsoft
Microsoft CEO Satya Nadella.

Corp. Chief Executive Officer has sold 328,000 shares valued at $35.9 million for financial planning reasons and is beginning a regularly scheduled trading plan for some of the equity awards he received.

will continue to divest shares in the next year through the structured plan in which he doesn’t control the timing or amounts sold, the company said Friday. He will sell fewer than half his shares through the plan, according to the company.

The sale reported in a filing Friday is the second time has sold stock since becoming CEO in 2014. He sold 143,000 shares worth $8.3 million two years ago, according to filings.

“The stock divestitures made today were for personal financial planning and diversification reasons,” Microsoft said in a statement. “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.”

First Published: Sat, August 11 2018. 10:25 IST
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