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.

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 revenue 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 and $18 on Monday and Tuesday.

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

Read and Post Comments | Get the full article at GameSpot


EA exec sells entire stake in company” was posted by Eddie Makuch on Fri, 10 May 2013 12:19:29 -0700

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