Form 4: Electronic Arts COO Laura Miele Sells 2,000 Shares
SEC Form 4 Filing
Laura Miele, Chief Operating Officer of Electronic Arts Inc., sold 2,000 shares of common stock on April 1, 2024, at a price of $132.82 per share.
Summary
- Laura Miele, the Chief Operating Officer of Electronic Arts Inc. (EA), reported a transaction involving the company's common stock.
- On April 1, 2024, Miele sold 2,000 shares of EA common stock at a price of $132.82 per share.
- The sale was executed under a pre-arranged 10b5-1 trading plan established on May 15, 2023.
- Following the transaction, Miele directly owns 34,772 shares of Electronic Arts Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. A 10b5-1 trading plan allows company insiders to sell shares at predetermined times and prices to avoid accusations of trading on non-public information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some investors, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 15, 2023 | Date Ms. Miele established the 10b5-1 trading plan. |
| April 01, 2024 | Date of the stock sale transaction. |
| April 02, 2024 | Date of the signature on the Form 4 filing. |
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