Electronic Arts insider cashed out at $210 merger price
Miele Laura reported disposition transactions in this Form 4 filing.
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
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Insider Trade Summary
| 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 |
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
Key Terms
Agreement and Plan of Merger regulatory
Merger Consideration financial
restricted cash awards financial
performance-based RSUs financial
Effective Time regulatory
FAQ
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What insider transaction did Laura Miele report for Electronic Arts (EA)?
What happened to Laura Miele’s unvested RSUs in the Electronic Arts (EA) merger?
How were Laura Miele’s performance-based RSUs treated in the EA merger?
Does Laura Miele still directly hold Electronic Arts (EA) common stock after the merger?
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