EA (NASDAQ: EA) president settles 49,427 performance units, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Electronic Arts Inc. executive Laura Miele reported a routine equity compensation event involving performance-based restricted stock units. She exercised awards covering 49,427 Performance-Based Restricted Stock Units into an equal number of common shares on their scheduled vesting date, with no exercise price.
Of these shares, 24,508 common shares were withheld by the company at a price of $201.70 per share to satisfy tax withholding obligations, which is a non-market, tax-related disposition rather than an open-market sale. After these transactions, she directly holds 76,013 shares of Electronic Arts common stock, and the reported performance-based units have been fully settled.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,427 shares exercised/converted
Mixed
3 txns
Insider
Miele Laura
Role
President of EA Entertainment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 49,427 | $0.00 | -- |
| Exercise | Common Stock | 49,427 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,508 | $201.70 | $4.94M |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 100,521 shares (Direct, null)
Footnotes (1)
- Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date. Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award. Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions.
Key Figures
Performance units exercised: 49,427 shares
Shares withheld for taxes: 24,508 shares
Tax withholding price: $201.70 per share
+2 more
5 metrics
Performance units exercised
49,427 shares
Common stock received from Performance-Based Restricted Stock Units on vesting
Shares withheld for taxes
24,508 shares
Common shares withheld to satisfy tax obligations at $201.70 per share
Tax withholding price
$201.70 per share
Value applied to 24,508 withheld shares for tax withholding
Shares held after transaction
76,013 shares
Direct holdings of EA common stock following transactions on 2026-05-20
Earned award grant date
June 16, 2023
Grant date of performance-based restricted stock units that were earned
Key Terms
Performance-Based Restricted Stock Units, tax withholding requirements, scheduled vesting date, earned based on certain performance conditions
4 terms
Performance-Based Restricted Stock Units financial
"Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding requirements financial
"Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award."
scheduled vesting date financial
"This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date."
earned based on certain performance conditions financial
"Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions."
FAQ
What did Electronic Arts (EA) executive Laura Miele report in this Form 4?
Laura Miele reported vesting of performance-based restricted stock units into 49,427 shares of Electronic Arts common stock. The filing shows these units settled on their scheduled vesting date as part of her equity compensation, not as an open-market stock purchase.
What equity awards were involved in Laura Miele’s Electronic Arts (EA) Form 4?
The Form 4 involves Performance-Based Restricted Stock Units granted on June 16, 2023. These units were earned based on specified performance conditions and then settled one-for-one into 49,427 shares of Electronic Arts common stock on their scheduled vesting date.
What does the tax withholding transaction in Electronic Arts (EA) Form 4 mean?
The tax withholding transaction reflects 24,508 EA shares withheld to satisfy tax obligations arising from vesting. Instead of paying taxes in cash, a portion of the vested shares is retained by the company, which is common for equity compensation and not considered a market sale.