Microsoft CEO Satya Nadella’s Total Pay Grows To $42.9M As Cloud Booms

‘Mr. Nadella’s strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets,’ the company says in its annual proxy statement.

Microsoft CEO Satya Nadella saw his total compensation in the last fiscal year increase 66 percent to $42.9 million as the tech giant’s stock soared and cloud-related revenue boomed, according to a regulatory filing released on Wednesday.

Nadella’s pay package in fiscal 2019 included $2.3 million in salary, $29.7 million in stock awards, $10.8 million in non-equity incentive plan compensation, $111,363 million in other compensation, according to the firms’ annual proxy statement. Nadella reported $25.8 in total pay in fiscal 2018.

In the filing, Microsoft cited the company’s market capitalization, which grew from $302 billion upon Nadella’s February 2014 promotion to CEO to over $850 billion on September 4, 2018. As of Wednesday, the company had a total market value of $1.07 trillion -- the highest of any public company.

“Mr. Nadella’s strategic leadership, including his efforts to strengthen trust with customers, drive for a company-wide culture change, and successful entry and expansion into new technologies and markets,” the company said in its proxy in reaction to a compensation review by independent board members.

The board members also applauded “Nadella’s vision for the Intelligent Cloud.”

Microsoft’s fiscal 2019 ended June 30, 2019. During that period, the Redmond, Wash.-based tech giant reported revenue that exceeded $125 billion and grew commercial cloud revenue 43 percent to $38.1 billion. In addition, server products and cloud services revenue grew 25 percent and Azure revenue grew 72 percent.