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

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)
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)

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

ZAR/USD
17.00
(-0.09)
ZAR/GBP
21.24
(-0.12)
ZAR/EUR
19.14
(-0.13)
ZAR/AUD
11.81
(-0.13)
ZAR/JPY
0.16
(-0.20)
Gold
1774.74
(+0.03)
Silver
18.05
(+0.01)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1592 votes
I am taking a hit, but should be able to recover in the next year
23% - 2085 votes
My finances have been devastated
35% - 3134 votes
It's still too early to know what the full effect will be
25% - 2257 votes
Vote