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Microsoft CEO Nadella earned more than $18 million for 2015

Microsoft's CEO earned $4.3 million, or 120 percent of his eligible cash bonus which was based on his performance, as part of his more than $18 million compensation package for fiscal 2015.

Microsoft CEO Satya Nadella earned more than $18 million during the company's fiscal 2015, which ended on June 30, according to the company's annual proxy statement, released on October 19.

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(Thanks to GeekWire's Todd Bishop for the proxy pointer.)

As part of his compensation package, Nadella earned 120 percent of his targetted annual cash award, a $4.3 million bonus.. That amount was calculated based on Nadella's "performance against his core priorities and operational performance of Microsoft."

While Microsoft's operating income and earnings per share declined in fiscal 2015, "consistent progress was made in building future growth opportunities," according to the explanation of Nadella's award.

"Mr. Nadella provided strong, consistent vision and execution on our mobile-first and cloud-first strategy, continued to effectively guide the transformation of the Company's culture and he effectively represented the Company with customers, partners, investors and employees," according to the proxy statement.

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"Mr. Nadella established and articulated the Company's three broad ambitions to focus the Company's offerings, and consolidated the operating systems and devices groups into the Windows and Devices Group. Under his leadership, Windows 10 was successfully launched and the executive compensation program became significantly more performance-based," the statement continued.

In addition to the $4.3 million bonus, Nadella earned $1.2 million in salary and $12.8 million in stock.

In fiscal 2014, Nadella earned a $3.6 million bonus, a base salary of $919,000 and a stock award of $80 million (only part of which he was able to collect at that time). Nadella's cash bonus in 2014 was 141 percent of his targeted award.

The most recent compensation pay packages for other top Microsoft executives -- all of whom earned more than 100 percent of their eligible bonuses, are included on the October 19 proxy statement, as well.