Chris Bruzzo - 16 May 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
EVP
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Chris Bruzzo
Issuer symbol
EA
Transactions as of
16 May 2021
Net transactions value
-$1,646,806
Form type
4
Filing time
17 May 2021, 17:56:44 UTC
Previous filing
18 May 2021
Next filing
19 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +2,598 +17% 18,073 16 May 2021 Direct F1
transaction EA Common Stock Tax liability $178,681 -1,289 -7.1% $138.62 16,784 16 May 2021 Direct F2
transaction EA Common Stock Options Exercise +9,279 +55% 26,063 16 May 2021 Direct F3
transaction EA Common Stock Tax liability $637,791 -4,601 -18% $138.62 21,462 16 May 2021 Direct F2
transaction EA Common Stock Options Exercise +7,572 +35% 29,034 17 May 2021 Direct F1
transaction EA Common Stock Tax liability $520,518 -3,755 -13% $138.62 25,279 17 May 2021 Direct F2
transaction EA Common Stock Options Exercise +4,507 +18% 29,786 17 May 2021 Direct F3
transaction EA Common Stock Tax liability $309,816 -2,235 -7.5% $138.62 27,551 17 May 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EA Performance-based Restricted Stock Units Options Exercise -2,598 -4.7% 53,076 16 May 2021 Common Stock 2,598 Direct F1, F4, F5
transaction EA Performance-based Restricted Stock Units Other -9,279 -17% 43,797 16 May 2021 Common Stock 9,279 Direct F1, F6
transaction EA Restricted Stock Units Options Exercise -9,279 -33% 18,558 16 May 2021 Common Stock 9,279 Direct F3, F7
transaction EA Performance-based Restricted Stock Units Options Exercise -7,572 -21% 28,669 17 May 2021 Common Stock 7,572 Direct F1, F5, F8
transaction EA Performance-based Restricted Stock Units Other -9,015 -31% 19,654 17 May 2021 Common Stock 9,015 Direct F1, F9
transaction EA Restricted Stock Units Options Exercise -4,507 -33% 9,015 17 May 2021 Common Stock 4,507 Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date.
F2 Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
F3 Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
F4 Vesting of this award depends on EA's relative total stockholder return. 28% of the target number of Performance-Based Restricted Stock Units vested from the first tranche of this award based on actual performance.
F5 Represents the number of Performance-Based Restricted Stock Units that could vest based on the maximum level of achievement. The actual vesting of this award depends on EA's relative total stockholder return.
F6 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 6,681 Performance-Based Restricted Stock Units from this tranche were not cancelled and remain unearned as they can be earned in future periods.
F7 This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2023.
F8 Vesting of this award depends on EA's relative total stockholder return. 84% of the target number of Performance-Based Restricted Stock Units vested from the second tranche of this award based on actual performance.
F9 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 1,443 Performance-Based Restricted Stock Units from the second tranche of this award were not cancelled and remain unearned as they can be earned in future periods along with 181 Performance-Based Restricted Stock Units from the first tranche of this award.
F10 This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 17, 2022.