Form 4: Electronic Arts EVP Stuart Canfield Reports Stock Transactions
SEC Form 4 Filing
Electronic Arts' EVP & CFO, Stuart Canfield, reports the settlement of performance-based restricted stock units and associated tax withholding.
Summary
- Stuart Canfield, EVP & Chief Financial Officer of Electronic Arts Inc., reported transactions involving the company's common stock on May 20, 2024.
- These transactions included the settlement of 2,276 performance-based restricted stock units (PRSUs) into shares of common stock.
- Additionally, 986 shares were withheld to satisfy tax obligations related to the vesting of these PRSUs at a price of $127.75 per share.
- Following these transactions, Canfield directly owns 8,838 shares of Electronic Arts common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 06/16/2022 | Date performance-based restricted stock units were granted. |
| 05/20/2024 | Date of stock transactions (settlement of PRSUs and tax withholding). |
| 05/20/2025 | Expiration date of the Performance-based Stock Units. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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