Microsoft will pay $4.5bn in cash, stock and other benefits in 2016 to attract employees and boost the stock price, a new proxy filing reveals.
Microsoft shares are up more than 60% this year.
The new filing from the U.S. Securities and Exchange Commission (SEC) confirms that Microsoft will have $4 billion in cash on hand by the end of 2016, according to the SEC’s proxy filing, which will be made public Thursday.
Microsoft will also pay out a $1 billion cash bonus to employees in the form of stock options in the third quarter of this year, according the filing.
The SEC has been reviewing Microsoft’s proxy plan since November and will hold a public hearing next week to decide whether to approve the plan.
The company plans to release its proxy statement at a later date.
Microsoft’s proxy plans include an incentive program that will pay out $500,000 to each employee of $50,000 in cash each year.
The program will begin in 2017 and run through 2021.
Microsoft CEO Satya Nadella and chief financial officer Kevin Turner have said that the company aims to reward its employees with stock awards that can be exercised through stock options.
Microsoft has a $3.4 trillion cash pile that includes $1 trillion in cash and cash equivalents, including $700 billion of its own cash.