Form 4: Electronic Arts CFO Stuart Canfield Executes Stock Transactions

Electronic Arts' Chief Financial Officer, Stuart Canfield, engaged in stock transactions involving the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations.

Summary

• Stuart Canfield, the EVP & Chief Financial Officer of Electronic Arts Inc., executed transactions involving the company's stock on November 16, 2024.
• These transactions included the vesting of 1,172 restricted stock units, which converted into an equal number of common stock shares.
• Additionally, 582 shares were sold at a price of $161.36 per share to cover tax withholding requirements related to the vesting of the restricted stock units.
• Following these transactions, Mr. Canfield directly owns 8,143 shares of Electronic Arts common stock.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to executive compensation, which is neither particularly positive nor negative. It is a standard process and does not indicate any significant change in the company's financial health or outlook.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for vesting and tax obligations related to equity awards.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units, with a portion vesting every six months, is a common practice in the tech industry for executive compensation.
• The sale of shares to cover tax obligations is a standard procedure when restricted stock units vest.
• Other companies such as Activision Blizzard and Take-Two Interactive also have similar executive compensation structures involving restricted stock units and stock options.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding shares.
• The transactions are part of the executive compensation plan, which is designed to align management's interests with those of the shareholders.

Key Dates

Keywords

Electronic Arts, EA, Stuart Canfield, CFO, Stock Transactions, Restricted Stock Units, Vesting, Tax Withholding, SEC Form 4