Electronic Arts EVP Jacob Schatz Sells 5,000 Shares, Receives RSUs

What Happened Jacob J. Schatz, EVP, Global Affairs and CLO of Electronic Arts (EA), had 22,653 performance-based restricted stock units (PBRSUs) settle on May 20, 2026. To cover tax withholding, 11,234 shares were withheld (valued at $201.70 each, ~$2,265,898). Separately, he sold 5,000 shares in an open-market transaction at a weighted average price of $201.19 per share for proceeds of $1,005,946. The PBRSUs relate to a performance grant dated June 16, 2023.

Key Details

• Transaction date: May 20, 2026 (Form 4 filed May 22, 2026).
• Awards settled: 22,653 PBRSUs converted into 22,653 shares (F1, F4).
• Tax withholding: 11,234 shares withheld to satisfy taxes at $201.70/share = $2,265,898 (F2).
• Open-market sale: 5,000 shares sold at a weighted average of $201.19 = $1,005,946; actual trade prices ranged $201.08–$201.29 (F3).
• Net shares retained from this vesting: 22,653 − 11,234 − 5,000 = 6,419 shares remaining.
• Filing timeliness: Form filed two days after the transaction date; no late filing flag indicated.
• Transaction codes: M = conversion/settlement of derivative award (PBRSU); F = shares withheld for tax; S = open-market sale.

Context This was a routine settlement of performance-based RSUs with partial withholding for taxes and a small open-market sale — common actions when awards vest and taxes are due. The filing does not indicate a 10% owner or a 10b5-1 plan. These transactions reflect award settlement and liquidity events rather than an outright purchase signal.