EA (NASDAQ: EA) CLO Jacob Schatz awarded performance-based RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Electronic Arts Inc. EVP, Global Affairs and CLO Jacob J. Schatz reported equity compensation awards rather than open-market trades. On May 11, 2026, he acquired 4,702, 5,166 and 14,649 performance-based restricted stock units, each representing a right to one share of common stock at no purchase price.
These units were granted in June 2023, June 2024 and June 2025 and were earned after the Compensation Committee certified performance conditions tied to net bookings, non-GAAP operating income and, for one grant, relative total shareholder return. The awards vest and settle into common shares over a service-based vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Schatz Jacob J.
Role
EVP, Global Affairs and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Units | 14,649 | $0.00 | -- |
| Grant/Award | Performance-based Restricted Stock Units | 5,166 | $0.00 | -- |
| Grant/Award | Performance-based Restricted Stock Units | 4,702 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Units — 14,649 shares (Direct, null)
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.
Key Figures
PRSUs granted (2023 grant earned): 14,649 units
PRSUs granted (2024 grant earned): 5,166 units
PRSUs granted (2025 grant earned): 4,702 units
+3 more
6 metrics
PRSUs granted (2023 grant earned)
14,649 units
Performance-based restricted stock units tied to net bookings, non-GAAP operating income and relative TSR
PRSUs granted (2024 grant earned)
5,166 units
Performance-based restricted stock units tied to net bookings and non-GAAP operating income
PRSUs granted (2025 grant earned)
4,702 units
Performance-based restricted stock units tied to net bookings and non-GAAP operating income
Exercise price per PRSU
$0.00 per unit
Equity compensation awards, not open-market purchases
Expiration date of largest PRSU grant
May 20, 2026
Expiration date for 14,649 performance-based restricted stock units
Derivative transactions reported
3 transactions
All coded as A (grant, award, or other acquisition)
Key Terms
Performance-based Restricted Stock Units, net bookings, non-GAAP operating income, relative TSR, +2 more
6 terms
Performance-based Restricted Stock Units financial
"Each Performance-Based Restricted Stock Unit represents a contingent right to receive one share"
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.
net bookings financial
"performance conditions with respect to net bookings, non-GAAP operating income and relative TSR"
Net bookings measure the total value of contracts, orders or subscriptions a company signs during a period after subtracting cancellations, returns and other order-level reductions; it counts what customers have committed to buy rather than what has already been recorded as revenue. Think of it like a restaurant’s confirmed reservations and menu orders after accounting for no-shows — it signals demand, future sales and business momentum, giving investors a view of upcoming revenue potential.
non-GAAP operating income financial
"performance conditions with respect to net bookings, non-GAAP operating income and relative TSR"
Non-GAAP operating income is a measure of a company's profit from its core business activities, calculated by excluding certain expenses or income that are not part of regular operations. It provides a clearer picture of how well the business is performing by focusing on ongoing operations, helping investors compare companies more consistently and make better-informed decisions.
relative TSR financial
"performance conditions with respect to net bookings, non-GAAP operating income and relative TSR"
service-based vesting period financial
"vested and settled for a like amount of shares of common stock following a service-based vesting period"
Compensation Committee financial
"earned upon the certification of the Company's Compensation Committee of certain performance conditions"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What did EA executive Jacob J. Schatz report on this Form 4 for EA?
Jacob J. Schatz reported equity compensation awards, not market trades. He acquired three batches of performance-based restricted stock units that each convert into one share of Electronic Arts common stock if performance and service-based vesting conditions are satisfied.
How many performance-based restricted stock units did Jacob J. Schatz receive from EA?
Schatz received 4,702, 5,166 and 14,649 performance-based restricted stock units. Each unit represents a contingent right to one share of Electronic Arts common stock, subject to performance certification and a service-based vesting and settlement schedule determined by the Compensation Committee.
Are Jacob J. Schatz’s EA Form 4 transactions open-market buys or sales?
The transactions are not open-market buys or sales. They are coded as “A” grants, representing equity compensation awards of performance-based restricted stock units at a price of $0.00 per unit, subject to performance and service-based vesting, rather than discretionary trading in EA stock.
What performance metrics determine earning of EA performance-based RSUs reported here?
The units are earned based on the Compensation Committee’s certification of performance against net bookings, non-GAAP operating income and, for one grant, relative total shareholder return. Once certified, the earned units vest and settle into common stock after a further service-based vesting period.
Do the EA performance-based RSUs for Jacob J. Schatz vest immediately?
One 2023 grant has vested and settled into common stock after meeting performance and service conditions. The 2024 and 2025 grants were earned upon certification of performance conditions and will vest and settle into EA common shares over a remaining service-based vesting period.