It’s been a good year to be a Microsoft shareholder, and an even better year to be the company’s CEO.

Microsoft’s stock price has risen by more than 23% this year, a surge that’s mostly responsible for Microsoft CEO Satya Nadella’s total compensation increase from $79.1 million in 2024 to $96.5 million this year, a record amount for him.

Nadella, who brings in a $2.5 million salary, hasn’t received a bump in his base since 2019. Instead, most of his annual compensation comes from performance-based stock awards. For Microsoft’s 2025 fiscal year, which ended on June 30, Nadella’s stock awards were valued at $84.2 million, according to a Tuesday regulatory filing.

Microsoft’s stock price reached a peak this year of $535.64 on Aug. 4, a few days after the company announced financial results

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