Microsoft CEO Satya Nadella sells $36 million in stock in biggest sale

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Chief Executive Officer has sold 328,000 shares 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.

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 enterprise said Friday. He will sell fewer than half his shares through the plan, according to the enterprise.

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The sale reported in a filing Friday is the second time has sold stock since becoming CEO in 2014. He sold 143,000 shares worth $8.3 million 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 enterprise and his holdings significantly exceed the owning requirements set by the Microsoft Board of Directors.”

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