ProxyMiner / Company

MICROSOFT CORPMSFT

Latest proxy: 2025 · view on SEC ↗ · CIK 0000789019

CEO total pay

$96,496,790

Satya Nadella · 2025

Say on pay

91%

Latest disclosed shareholder vote

CEO pay ratio

Item 402(u)

480 to 1

Median employee: $200,972

Compensation committee

CD&A

Compensation Committee

Per the latest proxy

Filings indexed: 3 · 2025 · 2024 · 2023

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Satya Nadella2025 compensation
Chairman and Chief Executive Officer
$96,496,790 22%
97% at-risk
$2,500,000$84,245,496$9,555,000$196,294
Judson B. Althoff2025 compensation
Executive Vice President and CEO Microsoft Commercial
$28,198,734 22%
96% at-risk
$993,333$23,708,619$3,398,194$98,588
Amy E. Hood2025 compensation
Executive Vice President and Chief Financial Officer
$29,481,551 14%
97% at-risk
$1,000,000$25,037,360$3,421,000$23,191
Bradford L. Smith2025 compensation
Vice Chair and President
$28,267,295 21%
96% at-risk
$1,000,000$23,734,545$3,421,000$111,750
Takeshi Numoto2025 compensation
Executive Vice President and Chief Marketing Officer
$11,876,630
93% at-risk
$800,000$9,005,380$2,056,000$15,250

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

This Compensation Discussion and Analysis provides information about our fiscal year 2025 compensation program for our fiscal year 2025 Named Executives (“NEOs”), who are: Satya Nadella, Amy Hood, Judson Althoff, Takeshi Numoto, and Bradford Smith. The content of this Compensation Discussion and Analysis is organized into six sections: Section 1 – Performance Update p. 29 Section 2 – Executive Compensation Program p. 33 Section 3 – Pay Setting Governance and Process p. 34 Section 4 – Fiscal Year 2025 Compensation Program Design p. 37 Section 5 – Fiscal Year 2025 Compensation Decisions and Results p. 41 Section 6 – Other Compensation Policies and Information p. 46 Microsoft’s executive compensation program is thoughtfully designed by our Compensation Committee and Board of Directors to align to Microsoft’s long-term strategy. Over the years, we have evolved our executive pay system to enhance the performance orientation of the program and adopt best practices while maintaining an overarching compensation philosophy aimed at achieving strong alignment between our long-term strategic goals and our shareholders’ interests. Each year, the Compensation Committee reviews the existing ince

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

  • 2025 Primary Peer Group

    13 members

    ADOBE INC. · Alphabet Inc. · AMAZON COM INC · Apple Inc. · Broadcom Inc. · CISCO SYSTEMS, INC. · INTERNATIONAL BUSINESS MACHINES CORP · INTEL CORP · …

  • 2025 Secondary Peer Group

    11 members

    Accenture plc · AT&T INC. · COMCAST CORP · JOHNSON & JOHNSON · Merck & Co., Inc. · NETFLIX INC · PFIZER INC · PROCTER & GAMBLE Co · …

Governance

Policy guardrails

  • hedging

    prohibited

    Prohibit pledging, hedging, and trading in derivatives of Microsoft securities

  • pledging

    prohibited

    Prohibit pledging, hedging, and trading in derivatives of Microsoft securities

  • clawback

    present

    Clawback Policy

  • stock ownership guidelines

    present

    Maintain a robust stock ownership policy that reinforces the alignment of executive officer and shareholder interests (including requiring stock ownership of 15x base salary for our CEO)

  • change in control

    none

    No change in control payments or benefits

  • compensation consultant

    independent

    Retain an independent compensation consultant

  • compensation committee

    Compensation Committee

    Our Compensation Committee and, for Mr

Performance markers

Metric facts

  • relative tsr

    80th percentile

    our TSR for the three-fiscal year performance period to the TSR of the S&P 500. Our absolute TSR for the performance period satisfied the PSA payout requirement that TSR be positive. Our TSR relative to the S&P 500 was a

  • tsr

    1500%

    every organization on the planet to achieve more. By enabling customer success, Microsoft has delivered exceptional financial performance, more than tripling revenue to $281.7 billion, quadrupling net income to $101.8 bi

  • revenue

    $281.7 billion

    Since being appointed Chief Executive Officer by the Board of Directors in 2014, Mr. Nadella has committed Microsoft to its mission of empowering every person and every organization on the planet to achieve more. By enab

  • operating income

    $128.5 billion

    the efficacy of further enhancements. Section 1 – Performance Update Achieving Strong Financial Results Our strong business execution throughout fiscal year 2025 achieved the following financial performance: Fiscal Year

  • annual incentive payout

    117.00% of target

    weighted payout of 117.00% as a percentage of target.

  • performance equity mix

    50%

    100% of our CEO’s annual target equity opportunity was delivered in the form of a performance-based stock award (50% for our other Named Executives), with payouts based on achievement against pre-established quantitative

  • time equity mix

    50%

    100% of our CEO’s annual target equity opportunity was delivered in the form of a performance-based stock award (50% for our other Named Executives), with payouts based on achievement against pre-established quantitative

  • say on pay

    91%

    votes cast supported our advisory resolution on the compensation of our Named Executives (“say-on-pay” vote).

  • ceo pay ratio

    480 to 1

    CEO Pay Ratio For fiscal year 2025, the annual total compensation for the median employee of the Company (other than our CEO) was $200,972 and the annual total compensation of our CEO was $96,496,790. Based on this infor

  • median employee compensation

    $200,972

    CEO Pay Ratio For fiscal year 2025, the annual total compensation for the median employee of the Company (other than our CEO) was $200,972 and the annual total compensation of our CEO was $96,496,790. Based on this infor

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