Jaywood2010

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Jaywood2010 on 10 May 2013

EA exec sells entire stake in company

May 10, 2013 12:22PM PDT

By Eddie Makuch, News Editor

EA Sports EVP Andrew Wilson unloads all 32,085 shares for $687,000 after company hit highest value since end of 2011.

EA Sports executive vice president Andrew Wilson has sold his entire stake in Electronic Arts.

Wilson on stage at E3 2012 with UFC president Dana White.

As revealed in an SEC document filed Thursday, Wilson has sold all 32,085 shares he held in the company at $21.42 each, earning himself more than $687,000.

Wilson now holds zero shares in EA and is the only EA executive in such a position. All other EA executives listed on the publisher's website carry stock in the company.

An EA representative declined to comment on Wilson's stock sale or give an update regarding the executive's status at the company moving forward.

After announcing an exclusive Star Wars deal with Disney on Monday,full-year earnings of $3.79 billion Tuesday, and a FIFA license extension Wednesday, EA shares skyrocketed.

They closed Wednesday up more than 17 percent to $21.56, marking their highest level since the end of 2011.

If Wilson had cashed out earlier in the week, he would have received thousands of dollars less, as EA shares bounced between $17-$18 on Monday and Tuesday.

EA shares are continuing to climb today, up 3.19 percent (+0.69) to $22.33 at press time.

Otakumegane

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Otakumegane on 10 May 2013

Hmm....interesting

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KHlover on 10 May 2013

Clever guy. The stock might rise even more, but it could also fall again. 700k is a respectable amount of money^^

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Chandler on 10 May 2013

EA overvalued.

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Gamerace on 10 May 2013

I'd say he knows full well EA is currently overvalued as it continues it's painful transition to the mobile gaming era.

It's very interesting that he sold 100% of his stock though.....

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Stefan.De.Machtige on 10 May 2013

Smart move. It seems unlikely that EA's shares would increase anymore.

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Porcupine_I on 10 May 2013

and he can buy them all back in a few years for a dime a dozen

“It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday, he reflected, it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it.”

- George Orwell, ‘1984’

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superchunk on 10 May 2013

He's smart. The shares are going to drop for awhile as the generational transfer happens and this is likely a peak overall.

Once it drops back to the $17 range, he can buy back and make a hefty profit.

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Raze on 10 May 2013

Usually a scary move, he apparently knows something that everyone else hasn;t yet been privvy to. Looks like EA is about to do something entirely stupid (as if destroying their relationship with Nintendo over Origin wasn't stupid enough)

Might EA been the next giant to fall?