Electronic Arts Inc. (EA) exec converts stock and RSUs to $210 cash awards in merger
Rhea-AI Filing Summary
Miele Laura reported disposition transactions in this Form 4 filing.
Electronic Arts Inc. reports that executive Laura Miele’s equity was restructured in connection with a merger. At the effective time, her 71,013 shares of common stock were cancelled and converted into the right to receive $210.00 in cash per share. Her unvested RSUs and performance-based RSUs covering additional shares were cancelled and converted into restricted cash awards valued at $210.00 per underlying share, generally vesting on the original schedules. Following these transactions, she reported no remaining directly held shares of Electronic Arts common stock.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 71,013 shares
Net Sell
6 txns
Insider
Miele Laura
Role
President, Enterprise Dev.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 9,695 | -- | -- |
| Disposition | Restricted Stock Units F2 | 17,648 | -- | -- |
| Disposition | Restricted Stock Units F2 | 60,309 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 64,134 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 66,183 | -- | -- |
| Disposition | Common Stock F1 | 71,013 | $210.00 | $14.91M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance-based Restricted Stock Units — 0 shares (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 stock cancelled: 71,013 shares
Merger consideration per share: $210.00 per share
RSUs cancelled (block 1): 9,695 shares
+4 more
7 metrics
Common stock cancelled
71,013 shares
Shares of Electronic Arts Inc. common stock cancelled and converted into cash rights at the merger effective time
Merger consideration per share
$210.00 per share
Cash consideration for each share of Electronic Arts Inc. common stock at the Effective Time
RSUs cancelled (block 1)
9,695 shares
Unvested RSUs for 9,695 underlying shares cancelled and converted into restricted cash awards
RSUs cancelled (block 2)
17,648 shares
Additional unvested RSUs cancelled and converted into restricted cash awards
RSUs cancelled (block 3)
60,309 shares
Further unvested RSUs cancelled and converted into restricted cash awards
Performance-based RSUs cancelled (block 1)
64,134 shares
Unvested performance-based RSUs cancelled and converted into restricted cash awards based on the merger consideration
Performance-based RSUs cancelled (block 2)
66,183 shares
Additional performance-based RSUs cancelled and converted into restricted cash awards
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted cash awards, performance-based RSUs, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the terms of that certain Agreement and Plan of Merger dated September 28, 2025"
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.
Merger Consideration financial
"each share of common stock was converted into the right to receive $210.00 in cash as Merger Consideration"
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.
restricted cash awards financial
"each employee's unvested RSUs were cancelled and converted into restricted cash awards equal to $210.00 multiplied by shares"
performance-based RSUs financial
"each employee's unvested performance-based RSUs were cancelled and converted into restricted cash awards"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Effective Time regulatory
"At the Effective Time, shares and awards were cancelled and converted under the Merger Agreement terms"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Laura Miele report for Electronic Arts (EA)?
Laura Miele reported a disposition to the issuer of equity tied to a merger. 71,013 common shares were cancelled for the right to receive $210.00 per share in cash, and her unvested RSUs and performance-based RSUs were converted into restricted cash awards.
What happened to Laura Miele’s unvested RSUs in the Electronic Arts (EA) merger?
Her unvested restricted stock units were cancelled and converted into restricted cash awards. Each award equals $210.00 multiplied by the underlying shares, less applicable withholding taxes, and will generally vest and be paid on the same schedule as the original RSUs.
How were Laura Miele’s performance-based RSUs treated in the EA merger?
Her unvested performance-based RSUs were cancelled and converted into restricted cash awards based on $210.00 per share. For awards without certified performance, the share count used was based on the greater of target performance or actual performance measured through the latest practicable date.
Does Laura Miele still directly hold Electronic Arts (EA) common stock after the merger?
Following the merger, she reported 0 shares of directly held Electronic Arts common stock. Her previous 71,013 common shares were cancelled for cash rights, and her remaining equity exposure now comes through restricted cash awards tied to former RSU and performance-based RSU positions.