EA exec sells entire stake in company

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 onstage 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 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.

Written By

Want the latest news about Battlefield 4?

Battlefield 4

Battlefield 4

Discussion

302 comments
telaros
telaros

So for 687,000 dollars, answer this question: "Why did you sell all your shares from the company? Was it

A) You wanted to give it all to charity.

B) EA is unprepared for next Generation and profits will plummet once they see what we really have in store.

C) I betted Square Enix would win this year's honor of being Worst Company Ever.

D) I wanted to go to Disney Land.

"D!"

Grats you won. Ok next questio-

BANK IT!

blackothh
blackothh

if i could be a high up and cash out half a million for running a terrible company, i sure as hell would cash out.

Meta_Dragon
Meta_Dragon

EA gets Star Wars rights, Vice President sells off shares. There is a disturbance in the force.

paddle105
paddle105

this sounds like alarm bells are just about to start ringing or is he the one smashing the glass and pressing the button going to have to keep a close eye on ea to see what is really going on.Lee http://www.ageofwar2.co.uk

silvergol
silvergol

Buy low,sell High! if this Excellent,smart move.for him?

Why the others, EA personnel aren´t doing the same?

cgobeil
cgobeil

I would have done the same.

petez34
petez34

He needs the cash. Al Qaeda has kidnapped his sons hampster.

TerminalError
TerminalError

Must be all the microtransactions that are paid for by accident by mummy and daddy's pre-stored credit card details...

bourne714
bourne714

Cocaine and hookers can get expensive...

Killer6b9
Killer6b9

Great things always happen to companies that the highest members sell off all their stock.....lol

nightsinner
nightsinner

I think someone saw the writing on the wall.

polterdice
polterdice

It may have less to do with his faith in his company and more to do with his faith in the stock market.  There's been a lot of speculation lately that we're going to soon see a crash worse than 2007 due to massive inflation once we reach our credit limit.

PlusFour
PlusFour

SELL IT! SELL IT ALL!!!!

fredwv
fredwv

The poor Wall Street folks buying EA stock have no idea what a crap company it is.  Oh well ;)

RabidBurp
RabidBurp

Damnit. We're running out of people to blame!

tionmedon
tionmedon

abandon ship .......................................fap it................

ioshilee
ioshilee

Rats starting to leave this EA ship, hehe :)

MN121MN
MN121MN

Something's fishy going on.... (and not talking about the fishes in Baku)

I think EA's stocks going to plummet..... soon....

fiendless7
fiendless7

umm EA gave me a free game for SimCity servers being down.

Blizzard gave me appreciation for Diablo 3 servers being down.

gillygill220
gillygill220

Good...Screw EA, every gamer should know that EA doesn't care about gamers just profit...We should ban their CRAP games altogether (they screw us over  so screw them)! Furthermore wuz up wit all this dlc s**t, we have 2 pay 4 half a game when it comes out then like 18 to 20 months l8ter we get the whole game @ a cheaper price...c'om on man i thought this was America, where we the gamers call shots not the corporate ceo's...Gamers of the free virtual world have FAILED us...& i thought nerds & hackers where down 4 their s**t...what a waste of talent!!!

decoy1978
decoy1978

Either he has a real good financial consultant or he has insider information on EA stocks.

DaWarthog
DaWarthog

Most likely its nothing but with this and all the layoffs I hope this is Enron part 2.

CecilChups
CecilChups

I think he did this because he saw the quality of Dragon Age III.

Maybe this is a sign that Dragon Age III will be as bad as DA 2, if not worse.

Be careful peeps.

Mohjong
Mohjong

Turned out some financial investment firm is managing his money and all this speculations were much for nothing.

Anutha_One
Anutha_One

We may never know the reason why he sold them but can't GS at least find out what those 32,085 shares amount to as far as ownership in the company is concerned? This is the exact reason that the Japanese have a better business model than the Americans! Executive management in Japan is required to maintain a certain percentage of their company's stock so as to show they have their company's best interest at heart. Yeah, greed is good, until you're part of the 10% that gets let go because the people at the top are actually clueless.

Kurushio
Kurushio

If he sells high and then buys it when it goes back down to 17 or so then nothing much wrong with that. Seems a bit greedy and a lack of faith in his leadership to make the company keep growing though.

AMG
AMG

Sell stocks while they're hot, that's just smart business.

Shielder7
Shielder7

He's jumping a sinking ship, he knows his stock is only up temporarily and is getting ready to be submerged.

Psycold
Psycold

@polterdice I've been seeing these articles as well, but I've noticed they always seem to come from the far right media rather than a trusted source like BBC or something. I wouldn't be all that surprised though if it happened, we are living on borrowed time and money.

soulfulDAGGER
soulfulDAGGER

@polterdice Thanks for mentioning this. Sometimes people get a wake up call to the reality of things. Maybe he just wants to build a house up in the mountains or something? Nothing wrong with that

RabidBurp
RabidBurp

@polterdice 

That's okay. Our government will bail out the big business sector again like always. Everything will be fine.

Thanatos2k
Thanatos2k

@fiendless7 Diablo 3 servers were broken for 8 hours.

Sim City servers were broken for 8 days.

MN121MN
MN121MN

@decoy1978 He's an EA exec....... Guess it is insider trading at it's best...

NotCeo
NotCeo

@Anutha_One 32,085 shares is a pretty insignificant amount. The significant aspect of this story was that an exec sold all of his stake in a company.

 As far as Japanese executives needing to own a certain percentage of a company, do you have any links that indicate this is the case? it sounds like you're pulling **** out of your ass here.

btw, the stock is up $1.06 since the time he sold his shares. So he missed out on roughly  34k.

nukedysfunk
nukedysfunk

@Psycold @polterdice That ought to read, "I've been seeing these articles as well, but I've noticed they always seem to come from the far right media rather than a far left media source like BBC or something."

nukedysfunk
nukedysfunk

@farcorners @polterdice Many of the economists forecasting looming disaster are of the Austrian School. I guess if you don't consider that "actual economics", then you're right. It's a closed minded perspective though.

quaseisso
quaseisso

@timoteo2k1 is that what you think far-left is? really?


out of curiosity, where are from, man, Europe or North America?

timoteo2k1
timoteo2k1

@quaseisso @nukedysfunk noooooo.... the BBC isn't far left  they just happen to support every far left opinion from immigration to foreign policy to economics.

timoteo2k1
timoteo2k1

@nukedysfunk @Psycold @polterdice  It's really pretty simple, since 2009 the Fed has been creating 85bn a month out of nothingness, devaluing the currency systematically and giving it to the banks. Even companies that have been seeing stock gains are generating bear market PE ratios still. Now the Fed has announced they intend to stop the free money policy and the market, which still has bear characteristics will begin to fall. This exec is getting out at the right time.