Electronic Arts (EA) CFO equity converted into $210 cash merger awards
Rhea-AI Filing Summary
Canfield Stuart reported disposition transactions in this Form 4 filing.
Electronic Arts Inc. completed a cash merger in which EVP & CFO Stuart Canfield’s equity was cashed out. At the Effective Time, his 27,598 common shares were cancelled and converted into the right to receive $210.00 per share. Multiple unvested RSU and performance-based RSU awards were also cancelled and converted into restricted cash awards valued at $210.00 per underlying share, generally vesting on the same schedules, with performance-based amounts set using the greater of target or measured performance. Following the reported transaction, his direct EA common-stock holding is listed as 0 shares.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 27,598 shares
Net Sell
6 txns
Insider
Canfield Stuart
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 7,756 | -- | -- |
| Disposition | Restricted Stock Units F2 | 14,119 | -- | -- |
| Disposition | Restricted Stock Units F2 | 60,309 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 51,307 | -- | -- |
| Disposition | Performance-based Restricted Stock Units F3 | 52,947 | -- | -- |
| Disposition | Common Stock F1 | 27,598 | $210.00 | $5.80M |
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
Merger consideration per share: $210.00 per share
Common shares converted: 27,598 shares
RSUs converted to cash awards: 7,756 shares
+2 more
5 metrics
Merger consideration per share
$210.00 per share
Cash paid for each Electronic Arts common share at the Effective Time
Common shares converted
27,598 shares
EA common stock held by Stuart Canfield cancelled and converted into cash at $210.00 per share
RSUs converted to cash awards
7,756 shares
Unvested restricted stock units converted into restricted cash awards at $210.00 per underlying share
Additional RSUs converted
60,309 shares
Further RSU tranche cancelled and converted into restricted cash awards at $210.00 per share
Performance-based RSUs converted
52,947 shares
Performance-based RSUs cancelled and converted into restricted cash awards at $210.00 per share
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock units, 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"
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
"cash equal to the Merger Consideration of $210.00 per share subject to the award"
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 stock units financial
"each employee's unvested restricted stock units (RSUs) were cancelled and converted"
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 RSUs financial
"each employee's unvested performance-based RSUs were cancelled and converted"
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.
restricted cash awards financial
"were cancelled and converted into restricted cash awards equal to $210.00 multiplied"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Electronic Arts (EA) CFO Stuart Canfield report in this Form 4?
Stuart Canfield reported that his 27,598 EA common shares were cancelled and converted into the right to receive $210.00 per share in cash, and that multiple unvested RSU and performance-based RSU awards were cancelled and converted into restricted cash awards under the Merger Agreement.
What happened to Stuart Canfield’s unvested RSUs in the Electronic Arts (EA) merger?
At the Effective Time, each unvested restricted stock unit (RSU) was cancelled and converted into a restricted cash award equal to $210.00 multiplied by the RSU share count, less applicable withholding taxes, and will generally vest and be paid on the same schedule as the original RSUs.
How were performance-based RSUs for Stuart Canfield treated in the EA (EA) transaction?
His unvested performance-based RSUs were cancelled and converted into restricted cash awards equal to $210.00 per share. For awards with incomplete performance periods or uncertified performance, the share number was based on the greater of target performance and actual performance measured shortly before the Effective Time.
Does Stuart Canfield still directly own Electronic Arts (EA) common stock after the merger?
After the merger-related disposition, the Form 4 lists 0.0000 EA common shares as directly owned by Stuart Canfield. His equity exposure was effectively converted into the right to receive cash and restricted cash awards pursuant to the Merger Agreement’s consideration terms.
Were Stuart Canfield’s Electronic Arts (EA) transactions open-market sales?
No. The Form 4 describes dispositions to the issuer tied to a cash merger. His common stock, RSUs, and performance-based RSUs were cancelled and converted into cash or restricted cash awards under the Merger Agreement, rather than being sold in open-market transactions.