EA (NASDAQ: EA) CLO Jacob Schatz sells 5,000 shares after 22,653 RSUs vest
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($1,005,946)
Net Sell
4 txns
Insider
Schatz Jacob J.
Role
EVP, Global Affairs and CLO
Sold
5,000 shs ($1.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 22,653 | $0.00 | -- |
| Exercise | Common Stock | 22,653 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,234 | $201.70 | $2.27M |
| Sale | Common Stock | 5,000 | $201.1891 | $1.01M |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 58,521 shares (Direct, null)
Footnotes (1)
- 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. Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award. 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. Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions.
Key Figures
Open-market sale: 5,000 shares at $201.1891/share
RSUs vested and settled: 22,653 shares
Tax withholding shares: 11,234 shares
+3 more
6 metrics
Open-market sale
5,000 shares at $201.1891/share
Common Stock sale on May 20, 2026
RSUs vested and settled
22,653 shares
Performance-based restricted stock units settled into common stock
Tax withholding shares
11,234 shares
Shares withheld to satisfy tax obligations on vesting
Post-transaction holdings
42,287 shares
Common stock directly held after all transactions
Exercise-related acquisition
22,653 shares
Common stock acquired via derivative exercise/conversion
Price range of sales
$201.08–$201.29/share
Actual sale prices underlying weighted average $201.1891
Key Terms
Performance-Based Restricted Stock Unit, tax withholding requirements, weighted average sale price, derivative exercise/conversion, +1 more
5 terms
Performance-Based Restricted Stock Unit financial
"Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
tax withholding requirements financial
"Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award."
weighted average sale price financial
"Weighted average sale price for common stock sold."
derivative exercise/conversion financial
"This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date."
open-market sale financial
"transaction_action: "open-market sale" for 5,000 shares of Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did EA executive Jacob J. Schatz report on this Form 4?
Jacob J. Schatz reported vesting and settlement of 22,653 performance-based restricted stock units into common shares, tax withholding of 11,234 shares, and an open-market sale of 5,000 Electronic Arts shares, all dated May 20, 2026.
What performance-based equity awards vested for EA executive Jacob J. Schatz?
22,653 performance-based restricted stock units granted to Jacob J. Schatz vested and settled into 22,653 shares of Electronic Arts common stock. The units were originally granted on June 16, 2023 and were earned based on specified performance conditions set by the company.
What type of equity compensation did Jacob J. Schatz receive from Electronic Arts (EA)?
Jacob J. Schatz received performance-based restricted stock units that convert into common stock upon vesting. On May 20, 2026, 22,653 such units settled into shares after meeting performance conditions, reflecting equity compensation tied to Electronic Arts’ performance goals.