And Nadella has been compensated handsomely for his successful tenure at Microsoft.
Under Nadella, Microsoft has bulked up its Azure cloud unit. The company is also minting money from its core Office 365 suite of Word, Excel, PowerPoint and other business software as well as from its LinkedIn corporate social networking unit and Xbox gaming division.
A Microsoft spokesperson said in a statement to CNN Business that Nadella sold the stock “for personal financial planning and diversification reasons.”
“He is committed to the continued success of the company and his holdings significantly exceed the holding requirements set by the Microsoft Board of Directors,” the spokesperson added.
The stock sale also comes shortly before Microsoft’s home state of Washington is set to implement a 7% long-term capital gains tax.
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