Electronic Arts (EA) grants performance-based RSUs to top executive
Rhea-AI Filing Summary
Electronic Arts Inc. executive Laura Miele, President of EA Entertainment, reported compensation-related equity awards tied to company performance. She acquired 9,405, 10,333 and 31,964 performance-based restricted stock units, each representing a right to receive one share of EA common stock, with no cash paid per unit.
According to the disclosure, these performance-based RSUs were earned after the compensation committee certified performance conditions based on metrics such as net bookings, non-GAAP operating income and, for one grant, relative total shareholder return. The units will vest and settle into common shares over a service-based vesting period, making this a structured, incentive-based equity award rather than an open-market stock purchase.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Units | 31,964 | $0.00 | -- |
| Grant/Award | Performance-based Restricted Stock Units | 10,333 | $0.00 | -- |
| Grant/Award | Performance-based Restricted Stock Units | 9,405 | $0.00 | -- |
Footnotes (1)
- Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share of Electronic Arts Inc. common stock. Represents performance-based restricted stock units granted on June 16, 2023 and earned upon the certification of the Company's Compensation Committee of certain performance conditions with respect to net bookings, non-GAAP operating income and relative TSR. The performance-based restricted stock units vested and settled for a like amount of shares of common stock following a service-based vesting period. Represents performance-based restricted stock units granted on June 17, 2024 and earned upon the certification of the Company's Compensation Committee of certain performance conditions with respect to net bookings and non-GAAP operating income. The performance-based restricted stock units will vest and settle for a like amount of shares of common stock following a service-based vesting period. Represents performance-based restricted stock units granted on June 16, 2025 and earned upon the certification of the Company's Compensation Committee of certain performance conditions with respect to net bookings and non-GAAP operating income. The performance-based restricted stock units will vest and settle for a like amount of shares of common stock following a service-based vesting period.