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Satya Nadella unloads 30% of his Microsoft common stock in his biggest sale as CEO

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Jordan Novet | @jordannovet 4 months ago
Satya Nadella unloads 30% of his Microsoft common stock in his biggest sale as CEO

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

Nadella, 50, still own 778,596 shares of common stock. As of Sept. 29, he also had 2.28 million additional underlying shares or stock units, according to the latest proxy statement. Nadella 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 in an email. "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."

Since Nadella took over the CEO role from Steve Ballmer in February 2014, Microsoft shares have tripled in value. He last sold shares in 2016, when the stock was worth around $58 per share.

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