Jacob J. Schatz - May 16, 2024 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
EVP, Global Affairs and CLO
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz
Stock symbol
EA
Transactions as of
May 16, 2024
Transactions value $
-$1,446,700
Form type
4
Date filed
5/20/2024, 05:42 PM
Previous filing
May 16, 2024
Next filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +13.5K +77.3% 30.9K May 16, 2024 Direct F1
transaction EA Common Stock Tax liability -$703K -5.51K -17.82% $127.62 25.4K May 16, 2024 Direct F2
transaction EA Common Stock Options Exercise +2.19K +8.63% 27.6K May 16, 2024 Direct F3
transaction EA Common Stock Tax liability -$139K -1.09K -3.94% $127.62 26.5K May 16, 2024 Direct F2
transaction EA Common Stock Options Exercise +2.44K +9.22% 28.9K May 16, 2024 Direct F3
transaction EA Common Stock Tax liability -$155K -1.21K -4.18% $127.62 27.7K May 16, 2024 Direct F2
transaction EA Common Stock Options Exercise +7.12K +25.69% 34.9K May 16, 2024 Direct F3
transaction EA Common Stock Tax liability -$451K -3.53K -10.14% $127.62 31.3K May 16, 2024 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 Stock Units Options Exercise -13.5K -100% 0 May 16, 2024 Common Stock 13.5K Direct F1, F4
transaction EA Restricted Stock Units Options Exercise -2.19K -100% 0 May 16, 2024 Common Stock 2.19K Direct F3, F5
transaction EA Restricted Stock Units Options Exercise -2.44K -33.34% 4.88K May 16, 2024 Common Stock 2.44K Direct F3, F6
transaction EA Restricted Stock Units Options Exercise -7.12K -33.33% 14.3K May 16, 2024 Common Stock 7.12K Direct F3, F7
* 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 Represents performance-based restricted stock units granted on June 16, 2021 that were earned based on certain performance conditions.
F5 This award is fully vested.
F6 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.
F7 Restricted Stock Units shall vest as to one-third on May 16, 2024, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2026.