Amy E. Hood
Also at Microsoft Corp
About
Amy Hood has distinguished herself as a seasoned finance executive, making a significant impact on the strategic financial direction of Microsoft. At 52 years old as of July 2024 , her leadership and vision have contributed to the company’s sustained success through rigorous financial management and strategic investment.
Her career at Microsoft has been marked by a steady rise through key finance positions. Starting in 2002, she developed a deep understanding of the company's operations, eventually steering financial strategies that have driven shareholder returns and supported transformative investments in technological priorities such as security and artificial intelligence.
In addition to her executive role, she extends her expertise beyond Microsoft by serving on the Board of Directors of 3M Corporation. This board role, coupled with her commitment to fostering diversity and inclusion within the finance organization, underscores her broader influence in the corporate governance arena and her dedication to nurturing talent across the industry.
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Microsoft | Chief Financial Officer of the Microsoft Business Division | 2010–2013 | Former role prior to current position |
| Microsoft | Finance-related positions in Server and Tools Business and Corporate Finance Organization | 2002–2010 (approx.) | Held various finance roles since joining in 2002 |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| 3M Corporation | Board of Directors | N/A | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | $1,000,000 | N/A | Base salary for 2024 |
| Retirement Plan Contributions | $11,500 | N/A | Includes 401(k) plan matching contributions |
| Broad-Based Plan Benefits | $0 | N/A | No payments were made under this category |
| Charitable Gifts | $50,000 | N/A | Includes matching contributions under Microsoft’s corporate giving program |
| All Other Compensation | $61,500 | N/A | Sum of retirement contributions, broad-based benefits, and charitable gifts |
Performance Compensation
Performance Stock Award (PSA)
| Metric | Value | Details |
|---|---|---|
| Grant Date | September 18, 2023 | Date when the PSA was granted |
| Threshold Shares | 334 shares | Based on 25% reduction for underperformance relative to S&P 500 |
| Target Shares | 8,899 shares | Number of target shares if performance objectives are met |
| Maximum Shares | 26,697 shares | Maximum shares awarded if all targets are achieved |
| Grant Date Fair Value | $3,437,239 | Valuation at grant using Monte-Carlo simulation |
| Grant Date Stock Price | Closing price on August 31, 2023 | Stock price used for share conversion |
| Vesting Schedule | Vests in full after a three-year performance period | Vesting contingent on meeting annual financial and operational goals and TSR outcomes |
| Additional Condition | 33.33% allocation per fiscal year | Reflects portion of PSA allocated for fiscal 2024 performance targets |
Non-Equity Incentive Plan Compensation
| Metric | Value | Details |
|---|---|---|
| Financial Results | 138.08% of target | 50% weight of performance metric |
| Operational Results | 153.34% of target | 50% weight of performance metric |
| Total FY24 Cash Incentive Earned | $3,642,750 | Actual incentive payout based on combined performance metrics |
| Payout Threshold | $0 | Minimum performance level required for payout |
| Target Payout | $2,500,000 | Incentive payout at target performance |
| Maximum Payout | $5,000,000 | Cap on the incentive payout |
| Payment Type | Cash Incentive | Part of the Executive Incentive Plan; no vesting schedule applicable for cash awards |
| Additional Details | N/A | Based on annual performance metrics and subject to evaluation under the fiscal year 2024 incentive plan |