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CEO Satya Nadella sells $35.9 million of Microsoft stock

“The sale, reported in a securities filing Friday after the stock market closed, is the second time Nadella has sold Microsoft stock since becoming CEO in 2014” writes Bloomberg News for seattletimes.com. Microsoft Chief Executive Officer Satya Nadella has sold 328,000 shares of Microsoft stock valued at $35.9 million for financial planning reasons and is beginning a regularly scheduled trading plan for some of the equity awards he received.The sale, for financial planning reasons, is the beginning of a regularly scheduled trading plan for some of the equity awards he received.He will sell fewer than half his Microsoft shares through the plan, according to the company.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 Friday.
 
Source: seattletimes.com



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