Laura Miele - Nov 18, 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
EVP & Chief Operating Officer
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Laura Miele
Stock symbol
EA
Transactions as of
Nov 18, 2021
Transactions value $
-$1,772,198
Form type
4
Date filed
11/22/2021, 06:53 PM
Previous filing
Nov 18, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +25.9K +100.66% 51.6K Nov 18, 2021 Direct F1
transaction EA Common Stock Tax liability -$1.77M -12.8K -24.87% $138.14 38.7K Nov 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 -25.9K -18% 118K Nov 18, 2021 Common Stock 25.9K Direct F1, F3
transaction EA Performance-based Restricted Stock Units Other -35.9K -30.49% 81.9K Nov 18, 2021 Common Stock 35.9K 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. 72% of the target number of Performance-Based Restricted Stock Units vested based on actual performance.
F4 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 10,063 Performance-Based Restricted Stock Units from this tranche were not cancelled and remain unearned as they can be earned in future periods.