Electronic Arts (EA) CFO Stuart Canfield Cashes Out Shares in Merger

What Happened
Stuart Canfield, Chief Financial Officer of Electronic Arts (EA), had his EA holdings converted to cash as part of EA's merger closing on August 4, 2026. One block of 27,598 common shares was converted at $210.00 per share for $5,795,580. Several additional holdings — including unvested restricted stock units (RSUs) and performance-based RSUs totaling 186,438 shares (7,756 + 14,119 + 60,309 + 51,307 + 52,947) — were also cancelled and converted into restricted cash awards valued at $210.00 per share. In total, 214,036 shares were converted, equal to approximately $44,947,560 before applicable withholding taxes and any adjustments for performance determinations.

Key Details

• Transaction date: August 4, 2026 (Effective Time of the merger).
• Price / consideration: $210.00 per share under the Merger Agreement; one reported block shows $5,795,580 for 27,598 shares.
• Shares converted: 214,036 total (27,598 common shares + 186,438 RSU/performance-RSU equivalents).
• Estimated pre-withholding value: ~ $44.95 million (214,036 × $210).
• Shares owned after transaction: the reported common shares were cancelled at the Effective Time and converted to cash per the Merger Agreement.
• Footnotes: RSUs and performance RSUs were converted into restricted cash awards (F2, F3); performance awards for incomplete periods were calculated using greater of target or measured performance through the latest practicable date. Withholding taxes apply.
• Timeliness: Filing covers the merger Effective Time and was reported on August 4, 2026 (no late-filing indication).

Context
This was not an open-market sale or exercise — it was a corporate-action disposition under the Merger Agreement where company shares and equity awards were cancelled and converted into merger consideration (cash). Restricted cash awards from cancelled RSUs generally remain subject to original vesting schedules and tax withholding, and performance-based awards were converted per the agreement’s rules. Such conversions are routine in acquisitions and reflect the transaction terms rather than an individual trading decision.