Andrew Wilson - May 16, 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
CEO and Board Chair, Director
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Andrew Wilson
Stock symbol
EA
Transactions as of
May 16, 2023
Transactions value $
-$3,439,217
Form type
4
Date filed
5/18/2023, 05:22 PM
Previous filing
Apr 26, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +7.64K +11.7% 72.9K May 16, 2023 By Family Trust F1
transaction EA Common Stock Tax liability -$330K -2.64K -3.62% $124.84 70.3K May 16, 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +15.9K +22.64% 86.2K May 16, 2023 By Family Trust F3
transaction EA Common Stock Tax liability -$985K -7.89K -9.15% $124.84 78.3K May 16, 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +6.31K +8.06% 84.6K May 16, 2023 By Family Trust F3
transaction EA Common Stock Tax liability -$391K -3.13K -3.7% $124.84 81.5K May 16, 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +28.1K +34.53% 110K May 16, 2023 By Family Trust F3
transaction EA Common Stock Tax liability -$1.73M -13.9K -12.67% $124.84 95.7K May 16, 2023 By Family Trust F2, F4
holding EA Common Stock 24.2K May 16, 2023 By Trust F5
holding EA Common Stock 24.2K May 16, 2023 By Trust F5

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 -7.64K -4.52% 161K May 16, 2023 Common Stock 7.64K Direct F1, F6
transaction EA Performance-based Restricted Stock Units Other -161K -100% 0 May 16, 2023 Common Stock 161K Direct F1, F7
transaction EA Restricted Stock Units Options Exercise -15.9K -100% 0 May 16, 2023 Common Stock 15.9K Direct F3, F8
transaction EA Restricted Stock Units Options Exercise -6.31K -33.34% 12.6K May 16, 2023 Common Stock 6.31K Direct F3, F9
transaction EA Restricted Stock Units Options Exercise -28.1K -50% 28.1K May 16, 2023 Common Stock 28.1K 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 Shares are held by the Wilson Family 2015 Trust. Mr. Wilson has investment control over, and pecuniary interest in, all shares held by the Wilson Family 2015 Trust.
F5 Shares are held in trust for the benefit of Mr. Wilson's descendants. Mr. Wilson maintains investment control over the shares held in this trust.
F6 Vesting of this award depends on EA's relative total stockholder return. 16% of the target number of Performance-Based Restricted Stock Units vested from this tranche based on actual performance.
F7 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F8 This award is fully vested.
F9 This award has vested or will vest as to one-half on May 16, 2022, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2024.
F10 Restricted Stock Units shall vest as to one-half on May 16, 2023, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2025.