Canfield Stuart 4

What Happened

• Stuart Canfield, Chief Financial Officer of Electronic Arts (EA), had 30,414 performance-based restricted stock units (PBRSUs) settle into shares on May 20, 2026. Of those shares, 15,081 were withheld to cover tax withholding (value reported $3,041,838) and 1,500 were sold in an open-market sale for $201.36 per share, generating $302,040. The remaining ~13,833 shares were retained.
• This was not a cash purchase; it was the settlement of earned performance awards (an award conversion/derivative settlement) with partial disposition to cover taxes and a small planned sale.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
• Shares settled (converted from PBRSUs): 30,414.
• Shares withheld for taxes: 15,081 @ $201.70 (reported value $3,041,838).
• Open-market sale: 1,500 shares @ $201.36 (proceeds $302,040) executed under a 10b5-1 plan established May 29, 2025.
• Approximate shares retained after transactions: 30,414 - 15,081 - 1,500 = 13,833 (filing did not separately report “shares owned after”).
• Footnotes: settlement of PBRSUs earned from a June 16, 2023 grant; tax withholding shares used to satisfy tax liability; 10b5-1 plan used for the open-market sale.

Context

• These were performance-based RSUs that vested/settled; withholding of shares for taxes and small sales to cover tax obligations or per a trading plan are common and do not necessarily indicate a change in personal conviction. The transactions include an award settlement (M) and standard tax withholding (F) plus an S-coded sale under a pre-established 10b5-1 plan.