Chris Bruzzo - May 16, 2022 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Chris Bruzzo
Stock symbol
EA
Transactions as of
May 16, 2022
Transactions value $
-$1,813,838
Form type
4
Date filed
5/18/2022, 05:38 PM
Previous filing
May 16, 2022
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +1.67K +13.41% 14.1K May 16, 2022 Direct F1
transaction EA Common Stock Tax liability -$72.2K -578 -4.09% $124.94 13.5K May 16, 2022 Direct F2
transaction EA Common Stock Options Exercise +4.64K +34.26% 18.2K May 16, 2022 Direct F3
transaction EA Common Stock Tax liability -$201K -1.61K -8.83% $124.94 16.6K May 16, 2022 Direct F2
transaction EA Common Stock Options Exercise +14.7K +88.84% 31.3K May 16, 2022 Direct F3
transaction EA Common Stock Tax liability -$881K -7.05K -22.52% $124.94 24.3K May 16, 2022 Direct F2
transaction EA Common Stock Options Exercise +5.95K +24.53% 30.2K May 17, 2022 Direct F1
transaction EA Common Stock Tax liability -$376K -2.95K -9.77% $127.39 27.3K May 17, 2022 Direct F2
transaction EA Common Stock Options Exercise +4.51K +16.54% 31.8K May 17, 2022 Direct F3
transaction EA Common Stock Tax liability -$285K -2.24K -7.04% $127.39 29.5K May 17, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EA Performance-based Restricted Stock Units Options Exercise -1.67K -3.81% 42.1K May 16, 2022 Common Stock 1.67K Direct F1, F4, F5
transaction EA Performance-based Restricted Stock Units Other -9.28K -22.03% 32.8K May 16, 2022 Common Stock 9.28K Direct F1, F6
transaction EA Restricted Stock Units Options Exercise -4.64K -33.33% 9.28K May 16, 2022 Common Stock 4.64K Direct F3, F7
transaction EA Restricted Stock Units Options Exercise -14.7K -50% 14.7K May 16, 2022 Common Stock 14.7K Direct F3, F8
transaction EA Performance-based Restricted Stock Units Options Exercise -5.95K -30.27% 13.7K May 17, 2022 Common Stock 5.95K Direct F1, F9
transaction EA Performance-based Restricted Stock Units Other -13.7K -100% 0 May 17, 2022 Common Stock 13.7K Direct F1, F10
transaction EA Restricted Stock Units Options Exercise -4.51K -100% 0 May 17, 2022 Common Stock 4.51K Direct F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date.
F2 Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
F3 Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
F4 Vesting of this award depends on EA's relative total stockholder return. 18% of the target number of Performance-Based Restricted Stock Units vested from the second tranche of this award based on actual performance.
F5 Represents the number of Performance-Based Restricted Stock Units that could vest based on the maximum level of achievement. The actual vesting of this award depends on EA's relative total stockholder return.
F6 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms. Pursuant to the terms of the applicable award agreement, 7,609 Performance-Based Restricted Stock Units from this tranche and 6,681 Performance-Based Restricted Stock Units from the first tranche were not cancelled and remain unearned as they can be earned in future periods.
F7 This award has vested or will vest as to one-third on May 16, 2021, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2023.
F8 This award has vested or will vest as to one-half on May 16, 2022, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2024.
F9 Vesting of this award depends on EA's relative total stockholder return. 66% of the target number of Performance-Based Restricted Stock Units vested from the third tranche of this award based on actual performance.
F10 This award fully vested on May 16, 2022. Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F11 This award is fully vested.