EA (NASDAQ: EA) president settles 49,427 performance units, withholds shares for taxes
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 49,427 | $0.00 | $0.00 |
| Exercise | Common Stock | 49,427 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 24,508 | $201.70 | $4.94M |
Footnotes (3)
- F1. 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.
- F2. Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
- F3. Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions.
Key Figures
Key Terms
Performance-Based Restricted Stock Units financial
tax withholding requirements financial
scheduled vesting date financial
earned based on certain performance conditions financial
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