EA CLO Schatz sells 5,000 shares after RSU vesting
Electronic Arts EVP Global Affairs and CLO Jacob J. Schatz reported multiple equity transactions in common stock.
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Rhea-AI Filing Summary
Electronic Arts EVP Global Affairs and CLO Jacob J. Schatz reported multiple equity transactions in common stock. He exercised 22,653 performance-based restricted stock units into the same number of shares, then 11,234 shares were withheld to cover tax obligations. He also sold 5,000 shares in an open-market transaction at a weighted average price of $201.1891 per share. After these transactions, Schatz directly holds 42,287 shares of Electronic Arts common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 22,653 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,653 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,234 | $201.70 | $2.27M |
| Sale | Common Stock | 5,000 | $201.1891 | $1.01M |
Footnotes (4)
- 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. Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $201.08 to $201.29. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
- F4. Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions.
Key Figures
Key Terms
Performance-Based Restricted Stock Unit financial
tax withholding requirements financial
weighted average sale price financial
derivative exercise/conversion financial
open-market sale financial
FAQ
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What insider transactions did EA executive Jacob J. Schatz report on this Form 4?
What performance-based equity awards vested for EA executive Jacob J. Schatz?
What type of equity compensation did Jacob J. Schatz receive from Electronic Arts (EA)?
AI-generated analysis. How Rhea-AI works. Not financial advice.