Chief Executive Officer received a pay package worth $79.1 million for fiscal 2024, a 63% increase from the prior year as the software maker worked to extend its strong position in artificial intelligence tools.

About 90% of Nadella's compensation for the year ended in June was in Microsoft shares, the company said in a regulatory on Thursday. It's the largest award he has received in any year since he was paid $84 million , the year he became Microsoft's third chief executive.

Nadella's pay would have been about $5 million higher had ...