Electronic Arts (NASDAQ: EA) grants 40,924 RSUs to EVP and Chief Legal Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schatz Jacob J. reported acquisition or exercise transactions in this Form 4 filing.
Electronic Arts Inc. granted Executive Vice President, Global Affairs and Chief Legal Officer Jacob J. Schatz 40,924 Restricted Stock Units (RSUs). Each RSU represents the right to receive one share of Electronic Arts common stock at settlement. One-third of the award will vest on May 15, 2027, with the remaining RSUs vesting in approximately equal installments every six months until fully vested on May 15, 2029. After this grant, Schatz holds 40,924 RSUs directly, reflecting a compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schatz Jacob J.
Role
EVP, Global Affairs and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 40,924 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 40,924 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock. Restricted Stock Units shall vest as to one-third on May 15, 2027, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 15, 2029.
Key Figures
RSUs granted: 40,924 units
Grant price per RSU: $0.00 per unit
RSUs after transaction: 40,924 units
+3 more
6 metrics
RSUs granted
40,924 units
Restricted Stock Units granted to Jacob J. Schatz
Grant price per RSU
$0.00 per unit
Equity compensation, not purchased on market
RSUs after transaction
40,924 units
Total Restricted Stock Units held following grant
Initial vesting date
May 15, 2027
One-third of RSUs vest on this date
Final vesting date
May 15, 2029
Award fully vested by this date
Derivative expiration
May 15, 2029
Expiration date listed for RSU derivative entry
Key Terms
Restricted Stock Units, vest, Common Stock, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock."
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.
vest financial
"Restricted Stock Units shall vest as to one-third on May 15, 2027, with the remainder of the award vesting in approximately equal increments every six months thereafter"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"