Microsoft has given its new CEO Satya Nadella a pay package worth 84.3 million dollar, most of it in the form of long-term stock awards.
A regulatory document filed on Monday showed Mr. 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 most of the payments will be made over several years.
Microsoft said Mr. Nadella’s actual compensation for the company’s fiscal year 2014 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.
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Mr. Nadella’s pay package includes a long-term performance-based stock award valued at $59.2 million. Mr. Nadella won’t receive any of that until 2019 and it will depend on the performance Microsoft’s stock relative to other companies in the Standard & Poor’s 500 index.