Form 4: Electronic Arts Executive Eric Kelly Reports Stock Transactions
SEC Form 4 Filing
Electronic Arts' Chief Accounting Officer, Eric Kelly, reported the vesting and settlement of restricted stock units, along with associated tax withholding, on May 16, 2024.
Summary
- On May 16, 2024, Eric Kelly, Chief Accounting Officer of Electronic Arts Inc., reported transactions involving common stock and restricted stock units.
- Kelly settled restricted stock units, receiving shares of common stock.
- A portion of the shares were withheld to satisfy tax obligations.
- The transactions resulted in a net increase in Kelly's directly held common stock.
Sentiment
Score: 5
Explanation: This is a routine insider transaction filing, indicating neutral sentiment. It reflects scheduled compensation and tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Electronic Arts. These transactions are governed by SEC regulations to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they represent a small portion of the overall outstanding shares.
- Employees may be interested in the executive compensation structure.
Key Dates
| Date | Description |
|---|---|
| 05/16/2023 | One-third of the 717 Restricted Stock Units vested. |
| 05/16/2024 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| 05/16/2025 | Date when the 717 Restricted Stock Units will be fully vested. |
| 05/16/2026 | Date when the 1,424 Restricted Stock Units will be fully vested. |
| 05/20/2024 | Date of the signature on the Form 4 filing. |
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