Nadella received $79.1 million for the fiscal year that ended June 30, up from $48.5 million in the prior year, according to a proxy filing Thursday. Most of his pay is in the form of stock. The board's compensation committee said Nadella asked that the cash incentive portion reflect the security issues.
The requested reduction came after the U.S. Department of Homeland Security in April published a report that followed an independent review of China's breach of U.S. government officials' email accounts. Microsoft disclosed that incident in July 2023.