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ComputerMKII · May 11, 2013

EA Sports Executive Vice President Sells All Stock
More than $687,000 earned from 32,085 shares.
by Andrew Goldfarb MAY 10, 2013

EA Sports executive vice president Andrew Wilson has let go of all of his stock in the company. According to an SEC filing from EA, Wilson sold all 32,085 shares of his stock at a share price of $21.42, earning roughly $687,000.

The news comes following a jump in EAs stock this week after the company announced it had acquired the exclusive rights to publish Star Wars games. EA announced in an earnings report on Tuesday that it earned $3.797 billion in net revenue for the 2013 fiscal year, up $419 million compared to last year.

Wilson has not announced any plans to leave EA at this time, and weve reached out for more information about his decision to sell stock. For more from Wilson, read our interview about EA Sports from last year.

http://uk.ign.com/articles/2013/05/10/ea-sports-executive-vice-president-sells-all-stock

MoeB · May 11, 2013

uh oh.

Isaccard · May 11, 2013

Abandon ship!

DirtyManos · May 11, 2013

Moore got the ceo position, he didn't get promoted? As such, he's going elsewhere?

Blueblur1 · May 11, 2013

Sounds like he wanted to cash out while the gettin's good.

KillerTravis · May 11, 2013

Seems like he just wanted to take advantage of the high stock price.

Mr.Squirrel · May 11, 2013

Execs sell stocks everyday b

iamvin22 · May 11, 2013

i would have too. i remember when my EA stock use to be $41.00. i ended up getting rid of it at $9 ;(

markot · May 11, 2013

iamvin22 said:
i would have too. i remember when my EA stock use to be $41.00. i ended up getting rid of it at $9 ;(

Challenge EVERYTHING!

Data West · May 11, 2013

but but but Jedi DLC packs for FIFA!

bro1 · May 11, 2013

Execs sell stock all the time. Hell, one vp at my old company right before they were acquired by IBM. He didn't know about the acquisition and lost out on a ton of money.

Daingurse · May 11, 2013

Pretty much my exact reaction.

edit: But apparently this is nothing special? Every day is a school day.

Jezbollah · May 11, 2013

It's not the selling the people should be interested in.

It's any amount of buying of shares leading up to the announcement that is possible news.

Lactose_Intolerant · May 11, 2013

Honestly, does anyone think the video game companies are going to be doing better than they are right now in a few years? I would sell too. Most game stocks have stagnated or gone down in recent years. If you get a bump and don't see it staying there or getting any better, might as well sell it off.

Double D · May 11, 2013

DirtyManos said:
Moore got the ceo position, he didn't get promoted? As such, he's going elsewhere?

Did Moore get it the position? I was on vacation for a bit there so I may have missed something but don't remember anyone being appointed CEO yet. I googled and all that comes up are some articles talking about him being the CEO but I thought he was the COO?

grosvenor_92 · May 11, 2013

Guess he wanted to get as much money as possible before things go downhill

Nealand Liquor · May 11, 2013

Smart move. He's obviously figured out that EA'$ bullying of Nintendo and not supporting the wii u is going to kill their profits very soon. Nobody fucks with Nintendo and survives.

Rawker · May 11, 2013

Smart, EA will have to invest in next gen development which means less profit for their games over the next 3 years until the user bases become something substantial enough to start turning a decent profit.

DTKT · May 11, 2013

Rawker said:
Smart, EA will have to invest in next gen development which means less profit for their games over the next 3 years until the user bases become something substantial enough to start turning a decent profit.

Not when they are still releasing current-gen and also porting them to next-gen.

Basil · May 11, 2013

Grab dem monies and make for the door.

statham · May 11, 2013

not saying its not alot, I could live off it, but It reads $680,000 maybe he wants to buy a house?

qq more · May 11, 2013

Nealand Liquor said:
Smart move. He's obviously figured out that EA'$ bullying of Nintendo and not supporting the wii u is going to kill their profits very soon. Nobody fucks with Nintendo and survives.

what

Jibbajabbawockky · May 11, 2013

bro1 said:
Execs sell stock all the time. Hell, one vp at my old company right before they were acquired by IBM. He didn't know about the acquisition and lost out on a ton of money.

But ALL of their stock?

faridmon · May 11, 2013

Clever man. Knows when to take advantage of the market... his market.

Rawker · May 11, 2013

DTKT said:
Not when they are still releasing current-gen and also porting them to next-gen.

I guess, but the initial investment for new engines and extra time learning to develop for new hardware and learning how far they can go with the art assets don't get reimbursed. It's all an investment, but remember that releasing on more consoles requires more man hours which means less profit.

R3TRODYCE · May 11, 2013

Must be nice.

funkystudent · May 11, 2013

Bailing out before something happens?

Really looking forward to EA finally revealing there next gen plans this E3 (or sooner). This makes me more intrigued.

Tiktaalik · May 11, 2013

Only 32,085 shares for a VP? Wow. Seems really low.

Redhood · May 11, 2013

First post wins again!

It is kinda fishy.

DaBoss · May 11, 2013

I'm guessing he thinks that the share prices are at a high right now and is cashing in on it now.

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