Matthew Bilbey - 17 May 2021 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 May 2021, 17:14:02 UTC
Prior SEC filing
17 May 2021
Next SEC filing
20 May 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Matthew Bilbey

Key filing fact

Matthew Bilbey filed Form 4 for ELECTRONIC ARTS INC. (EA) on 19 May 2021.

Key facts

  • This page summarizes Matthew Bilbey's Form 4 filing for ELECTRONIC ARTS INC. (EA).
  • 14 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 19 May 2021, 17:14.

Change

  • Previous filing in this sequence was filed on 17 May 2021.
  • Current net transaction value: -$1,017,522.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EA transaction

Common Stock

Options Exercise

Transaction value
Shares
+6,058
Change %
+60%
Price
Shares after
16,159
Date
17 May 2021
Ownership
Direct
Footnotes
F1
EA transaction

Common Stock

Tax liability

Transaction value
$445,872
Shares
-3,242
Change %
-20%
Price
$137.53
Shares after
12,917
Date
17 May 2021
Ownership
Direct
Footnotes
F2
EA transaction

Common Stock

Options Exercise

Transaction value
Shares
+3,606
Change %
+28%
Price
Shares after
16,523
Date
17 May 2021
Ownership
Direct
Footnotes
F3
EA transaction

Common Stock

Tax liability

Transaction value
$265,433
Shares
-1,930
Change %
-12%
Price
$137.53
Shares after
14,593
Date
17 May 2021
Ownership
Direct
Footnotes
F2
EA transaction

Common Stock

Options Exercise

Transaction value
Shares
+1,840
Change %
+13%
Price
Shares after
16,433
Date
18 May 2021
Ownership
Direct
Footnotes
F1
EA transaction

Common Stock

Tax liability

Transaction value
$136,127
Shares
-986
Change %
-6%
Price
$138.06
Shares after
15,447
Date
18 May 2021
Ownership
Direct
Footnotes
F2
EA transaction

Common Stock

Options Exercise

Transaction value
Shares
+2,301
Change %
+15%
Price
Shares after
17,748
Date
18 May 2021
Ownership
Direct
Footnotes
F3
EA transaction

Common Stock

Tax liability

Transaction value
$170,090
Shares
-1,232
Change %
-6.9%
Price
$138.06
Shares after
16,516
Date
18 May 2021
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EA transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value
Shares
-6,058
Change %
-21%
Price
Shares after
22,935
Date
17 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,058
Exercise price
Footnotes
F1, F4, F5
EA transaction Derivative

Performance-based Restricted Stock Units

Other

Transaction value
Shares
-7,212
Change %
-31%
Price
Shares after
15,723
Date
17 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,212
Exercise price
Footnotes
F1, F6
EA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-3,606
Change %
-33%
Price
Shares after
7,212
Date
17 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,606
Exercise price
Footnotes
F3, F7
EA transaction Derivative

Performance-based Restricted Stock Units

Options Exercise

Transaction value
Shares
-1,840
Change %
-10%
Price
Shares after
16,200
Date
18 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,840
Exercise price
Footnotes
F1, F8
EA transaction Derivative

Performance-based Restricted Stock Units

Other

Transaction value
Shares
-16,200
Change %
-100%
Price
Shares after
0
Date
18 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,200
Exercise price
Footnotes
F1, F9
EA transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-2,301
Change %
-100%
Price
Shares after
0
Date
18 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,301
Exercise price
Footnotes
F3, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote 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.

Footnote F2

Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.

Footnote 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.

Footnote F4

Vesting of this award depends on EA's relative total stockholder return. 84% of the target number of Performance-Based Restricted Stock Units vested from the second tranche of this award based on actual performance.

Footnote F5

Represents the number of Performance-Based Restricted Stock Units that could vest based on the maximum level of achievement. The actual vesting of this award depends on EA's relative total stockholder return.

Footnote F6

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, 1,154 Performance-Based Restricted Stock Units from the second tranche of this award were not cancelled and remain unearned as they can be earned in future periods along with 145 Performance-Based Restricted Stock Units from the first tranche of this award.

Footnote F7

This award has vested or will vest as to one-third of the Restricted Stock Units one month prior to the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in approximately equal increments every six months thereafter until the award is fully vested on May 17, 2022.

Footnote F8

Vesting of this award depends on EA's relative total stockholder return. 12% of the target number of Performance-Based Restricted Stock Units of the first tranche and the second tranche of this award vested based on actual performance and 16% of the target number of Performance-Based Restricted Stock Units of the third tranche of this award vested based on actual performance.

Footnote F9

Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.

Footnote F10

This award was fully vested as of May 18, 2021.

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