Laura Miele - 18 Nov 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
Chief Operating Officer
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Laura Miele
Issuer symbol
EA
Transactions as of
18 Nov 2023
Net transactions value
-$1,286,461
Form type
4
Filing time
21 Nov 2023, 17:56:38 UTC
Previous filing
20 Nov 2023
Next filing
04 Dec 2023
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 +19,406 +56% 54,170 18 Nov 2023 Direct F1
transaction EA Common Stock Tax liability $1,286,461 -9,622 -18% $133.70 44,548 18 Nov 2023 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 -19,406 -24% 62,533 18 Nov 2023 Common Stock 19,406 Direct F1, F3
transaction EA Performance-based Restricted Stock Units Other -62,533 -100% 0 18 Nov 2023 Common Stock 62,533 Direct F1, F4
* 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 Vesting of this award depends on EA's relative total stockholder return. 54% of the target number of Performance-Based Restricted Stock Units vested from this tranche of this award based on actual performance.
F4 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.