Chris Bruzzo - May 18, 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
EVP
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Chris Bruzzo
Stock symbol
EA
Transactions as of
May 18, 2021
Transactions value $
-$353,315
Form type
4
Date filed
5/19/2021, 05:18 PM
Previous filing
May 17, 2021
Next filing
Jun 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +2.3K +8.35% 29.9K May 18, 2021 Direct F1
transaction EA Common Stock Tax liability -$157K -1.14K -3.83% $137.53 28.7K May 18, 2021 Direct F2
transaction EA Common Stock Options Exercise +2.88K +10.02% 31.6K May 18, 2021 Direct F3
transaction EA Common Stock Tax liability -$196K -1.43K -4.51% $137.53 30.2K May 18, 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 -2.3K -10.2% 20.3K May 18, 2021 Common Stock 2.3K Direct F1, F4
transaction EA Performance-based Restricted Stock Units Other -20.3K -100% 0 May 18, 2021 Common Stock 20.3K Direct F1, F5
transaction EA Restricted Stock Units Options Exercise -2.88K -100% 0 May 18, 2021 Common Stock 2.88K Direct F3, F6
* 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. 12% of the target number of Performance-Based Restricted Stock Units of the first tranche and the second tranche of this award vested based on actual performance and 16% of the target number of Performance-Based Restricted Stock Units of the third tranche of this award vested based on actual performance.
F5 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F6 This award was fully vested as of May 18, 2021.