Daily Trends Editor

According to a document filed with securities regulators on Monday, Microsoft Corp’s new Chief Executive Officer (CEO) Satya Nadella gets total compensation package worth $84.3 million this year.

The stock awards, valued at $79.8 million overall, were designed to keep Satya Nadella at Microsoft while the company was hunting for a new CEO and to give him long-term incentives as CEO.

According to Microsoft’s proxy statement filed with the U.S. Securities and Exchange Commission, Nadella is slated to receive stock worth an estimated $59.2

Excluding those one-time stock awards, Nadella’s pay package totaled $11.6 million this year, including $918,000 in salary, a $3.6 million cash bonus, and an annual stock award valued at just over $7 million.