Schatz Jacob J. 4
4 · ELECTRONIC ARTS INC. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-20+22,653→ 58,521 total - Tax Payment
Common Stock
[F2]2026-05-20$201.70/sh−11,234$2,265,898→ 47,287 total - Sale
Common Stock
[F3]2026-05-20$201.19/sh−5,000$1,005,946→ 42,287 total - Exercise/Conversion
Performance-based Restricted Stock Units
[F1][F4]2026-05-20−22,653→ 0 totalExp: 2026-05-20→ Common Stock (22,653 underlying)
Footnotes (4)
- [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]Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $201.08 to $201.29. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
- [F4]Represents performance-based restricted stock units granted on June 16, 2023 that were earned based on certain performance conditions.