REDMOND, Wash. – Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards.
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A regulatory document filed Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but the bulk of the payments will be made over several years.
Microsoft says Nadella's actual compensation for the company's 2014 fiscal year is worth $11.6 million after excluding the long-term stock awards and a $13.5 million one-time retention award he received before his promotion to CEO.
Nadella was named as CEO in February and is only the third chief executive in the software company's history.