Microsoft gave its new top dealmaker stock awards worth more than $22 million (MSFT).
- Microsoft today hired former McAfee CEO Christopher Young as its new head of organization development.
- The business late Friday afternoon revealed it provided Young stock awards worth more than $22 million at present trading worths, according to securities filings.
- Young took over for Peggy Johnson, who left Microsoft to end up being the CEO of Magic Leap
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Microsoft gave Christopher Young, the company’s brand-new head of service advancement and former McAfee CEO, stock awards worth more than $22 million today, according to securities filings late Friday afternoon.
The business provided 101,940 shares of common stock. Microsoft stock closed at $21651 per share on Friday, implying the shares are worth $22,071,029 at existing trading worths.
An overall of 17,318 shares (worth about $3.75 million at the time of publication) become part of the company’s executive reward strategy and will vest over 4 years while 83,122(worth about $18 million at the time of publication) consist of a separate stock award that also vests over four years.
Microsoft has yet to submit more details about Young’s settlement, however his predecessor Peggy Johnson was regularly among the business’s highest-paid executives. Johnson collected more than $9.5 million in 2020 before delegating become the CEO of Magic Leap, filings reveal.
Microsoft on Wednesday announced the company employed Young to take over for Johnson, who will report straight to Microsoft CEO Satya Nadella. Young was CEO of cybersecurity company McAfee till February. In announcing Young’s hiring, Microsoft pointed to his experience spinning McAfee out of Intel and previous management positions at Cisco, VMware, RSA and AOL.
” I’ve known Chris for several years and have actually admired his accomplishments as a leader. His experience and abilities are a vital addition to our company and the senior management team,” Nadella said in a declaration today.
” We know that for our customers and partners, the next years of financial growth will be specified by the digital investments made today. With Chris’ management, the service development team will continue to be a key accelerant for our partnerships and new development chances.”
Young takes control of business development at Microsoft at a time when the company is seeking to make big deals. Microsoft tried to get video app TikTok, though the bid ultimately failed, and just recently announced strategies to pay $ 7.5 billion for video game publisher Bethesda.
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( the heading, this story has not been published by Important India News personnel and is published from a syndicated feed.).