Armin Zerza - Nov 4, 2021 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Chief Financial Officer
Signature
/s/ Armin Zerza
Stock symbol
ATVI
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
4
Date filed
11/8/2021, 06:07 PM
Previous filing
May 13, 2021
Next filing
Apr 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +11K +6.77% $0.00 173K Nov 4, 2021 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +5.5K +3.17% $0.00 179K Nov 4, 2021 Direct F2
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +5.5K +3.07% $0.00 184K Nov 4, 2021 Direct F3
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +13.7K +7.45% $0.00 198K Nov 4, 2021 Direct F4
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +6.87K +3.47% $0.00 205K Nov 4, 2021 Direct F5
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +6.87K +3.35% $0.00 212K Nov 4, 2021 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This grant was for 10,992 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 13,740 shares of the Company's common stock. These restricted stock units will vest on March 30, 2025, based upon the level of achievement measured by reference to the Company's cumulative earnings per share growth for the years 2022, 2023, and 2024.
F2 This grant was for 5,496 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 6,870 shares of the Company's common stock. These restricted stock units will vest on March 30, 2025, based upon the level of performance measured by reference to the Company's cumulative operating income for the years 2022, 2023, and 2024.
F3 This grant was for 5,496 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 6,870 shares of the Company's common stock. These restricted stock units will vest on March 30, 2025, based upon the level of performance measured by reference to the Company's total shareholder return for the years ending 2022, 2023, and 2024.
F4 This grant was for 13,748 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 17,186 shares of the Company's common stock. These restricted stock units will vest in three equal tranches on each of March 30, 2023, March 30, 2024, and March 30, 2025, in each case, based upon the level of performance measured by reference to the Company's earnings per share growth objective, as set forth in the Company's annual operating plan for the prior year.
F5 This grant was for 6,874 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 8,593 shares of the Company's common stock. These restricted stock units will vest in three equal tranches on each of March 30, 2023, March 30, 2024, and March 30, 2025, in each case, based upon the level of performance measured by reference to the Company's operating income objective, as set forth in the Company's annual operating plan for the prior year.
F6 This grant was for 6,874 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The number reported assumes target performance; maximum performance would result in the release of 8,593 shares of the Company's common stock. These restricted stock units will vest in three equal tranches on each of March 30, 2023, March 30, 2024, and March 30, 2025, in each case, based on the performance level measured by reference to the Company's total shareholder return for the prior year.
F7 Following the transactions reported on this Form 4, Mr. Zerza held (a) 185,596 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (b) 26,322 restricted share units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 231,277 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant.