Electronic Arts CLO equity converted at $210 per share
Schatz Jacob J. reported disposition transactions in this Form 4 filing.
Rhea-AI Filing Summary
Schatz Jacob J. reported disposition transactions in this Form 4 filing.
Electronic Arts Inc. completed a cash merger in which EVP, Global Affairs and CLO Jacob J. Schatz’s equity was converted to cash. On August 4, 2026, his 42,287 shares of common stock were cancelled and converted into the right to receive $210.00 per share in cash, leaving him with 0 directly held shares. Unvested restricted stock units and performance-based RSUs covering multiple share blocks were also cancelled and converted into restricted cash awards based on the same $210.00-per-share Merger Consideration, generally vesting on the schedules tied to the original awards.
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Insights
Analyzing...
Insider Trade Summary
Disposition: 168,875 shares
Disposition
6 txns
Insider
Schatz Jacob J.
Role
EVP, Global Affairs and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 7,271 | -- | -- |
| Disposition | Restricted Stock Units F2 | 13,236 | -- | -- |
| Disposition | Restricted Stock Units F2 | 40,924 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 32,066 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 33,091 | -- | -- |
| Disposition | Common Stock F1 | 42,287 | $210.00 | $8.88M |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Performance-based Restricted Stock Units — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. On August 4, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 28, 2025, by and among Electronic Arts Inc., a Delaware corporation (the "Issuer"), Oak-Eagle AcquireCo, Inc., a Delaware corporation ("Parent"), and Oak-Eagle MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of Issuer common stock held by the reporting person was cancelled and converted into the right to receive $210.00 in cash (the "Merger Consideration").
- F2. At the Effective Time, pursuant to the Merger Agreement, each employee's unvested restricted stock units ("RSUs") were cancelled and converted into restricted cash awards equal to $210.00 multiplied by the number of shares subject to the unvested RSUs, less applicable withholding taxes and without interest, and will generally vest and be paid on the same schedule as the original RSUs.
- F3. At the Effective Time, pursuant to the Merger Agreement, each employee's unvested performance-based RSUs were cancelled and converted into restricted cash awards representing the right to receive, without interest and less applicable withholding taxes, cash equal to the Merger Consideration of $210.00 per share subject to the award. For awards with an incomplete performance period or for which performance had not been certified immediately prior to the Effective Time, the number of shares used to calculate the cash amount was determined based on the greater of target performance and actual performance measured through the latest practicable date prior to the Effective Time.
Key Figures
Common shares cancelled: 42287.0000 shares
Merger cash price per share: $210.00 per share
RSUs cancelled (tranche 1): 7271.0000 units
+4 more
7 metrics
Common shares cancelled
42287.0000 shares
Common stock cancelled and converted into $210.00-per-share cash Merger Consideration at the Effective Time
Merger cash price per share
$210.00 per share
Each EA common share held by the reporting person converted into the right to receive $210.00 in cash
RSUs cancelled (tranche 1)
7271.0000 units
Unvested restricted stock units cancelled and converted into restricted cash awards based on $210.00 per unit
RSUs cancelled (tranche 2)
13236.0000 units
Additional unvested RSUs cancelled and converted into restricted cash awards at $210.00 per underlying share
RSUs cancelled (tranche 3)
40924.0000 units
Further unvested RSUs cancelled and converted into restricted cash awards tied to $210.00 per share
Performance RSUs cancelled (tranche 1)
32066.0000 units
Unvested performance-based RSUs cancelled and converted into restricted cash awards at $210.00 per share
Performance RSUs cancelled (tranche 2)
33091.0000 units
Additional performance-based RSUs cancelled; cash amount based on $210.00 per share and greater of target or measured performance
Key Terms
Restricted Stock Units, Performance-based Restricted Stock Units, Merger Consideration, Agreement and Plan of Merger, +1 more
5 terms
Restricted Stock Units financial
"each employee's unvested restricted stock units were cancelled"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance-based Restricted Stock Units financial
"each employee's unvested performance-based restricted stock units were cancelled"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Merger Consideration financial
"cash equal to the Merger Consideration of $210.00 per share"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Agreement and Plan of Merger regulatory
"pursuant to the terms of that certain Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"At the Effective Time, pursuant to the Merger Agreement"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Jacob J. Schatz report in his Form 4 for Electronic Arts (EA)?
Jacob J. Schatz reported that his Electronic Arts equity was converted in a cash merger. His 42,287 common shares were cancelled for $210.00 per share, and his unvested RSUs and performance-based RSUs were cancelled and turned into restricted cash awards.
What happened to Jacob J. Schatz’s unvested RSUs in the EA merger?
Unvested RSUs in three tranches of 7,271, 13,236, and 40,924 units were cancelled and converted into restricted cash awards. Each award equals $210.00 multiplied by the RSU count, less applicable withholding taxes, and generally vests on the original RSU schedule.
What happened to performance-based RSUs held by Jacob J. Schatz at EA?
Performance-based RSUs in blocks of 32,066 and 33,091 units were cancelled and converted into restricted cash awards. The cash amount equals $210.00 per share, with share counts for some awards determined using the greater of target or measured performance.
Was Jacob J. Schatz’s EA Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, so the transactions are not designated as made pursuant to a Rule 10b5-1 trading plan. Instead, they reflect automatic treatment of equity awards and shares under the merger terms.
What corporate event triggered the equity conversions reported for EA (EA)?
The changes were triggered when Oak-Eagle MergerCo, Inc. merged into Electronic Arts Inc., making EA a wholly owned subsidiary of Oak-Eagle AcquireCo, Inc.. At the Effective Time, EA shares and equity awards were converted based on $210.00 per share cash Merger Consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
