Microsoft CEO sells $36m in stock, starts trading plan | Fin24
 
  • Clean Energy

    Red tape and political wrangling are hindering the expansion of solar power projects.

  • Jet Airways

    The airline that flew Gupta wedding guests to Sun City in 2013 has run out of money.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Microsoft CEO sells $36m in stock, starts trading plan

Aug 13 2018 21:30
Spencer Soper, Bloomberg

Microsoft CEO Satya Nadella speaks at an event demonstrating the new features of Windows 10 at the company's headquarters in Redmond. (Elaine Thompson, AP)

Related Articles

Microsoft threatens to pull Gab services over anti-semitic posts

Microsoft debuts $399 Surface Go tablet, taking on cheaper iPads

Microsoft’s bet on a future in the cloud

Microsoft email-access fight with US gets top court review

 

Microsoft chief executive officer Satya Nadella has sold 328 000 shares, valued at $35.9m, for financial planning reasons - and is beginning a regularly scheduled trading plan for some of the equity awards he received.

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, the company said on Friday. He will sell fewer than half his Microsoft shares through the plan, according to the company.

The sale reported in a filing on Friday is the second time Nadella has sold Microsoft stock since becoming CEO in 2014. He sold 143 000 shares worth $8.3m 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.”

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

microsoft  |  ict  |  companies
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...