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

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

Microsoft CEO Satya Nadella just sold almost one-third of his common shares in the software company as the stock trades near a record price. The stock sale, disclosed in a regulatory filing on Friday, netted Nadella more than $35 million. He sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68. 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.