EA Execs Sell Stock as the Publisher Hits Five-Year High

Posted by at 3:33 pm on May 12, 2014

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Two senior members of Electronic Arts sold off the entirety of their shares in the publisher late last week when the company hit the highest share price it’s seen in well over five years. SEC filings revealed that Patrick Soderlund, executive vice president of EA Games and EA senior vice president and General Counsel Stephen Bene dumped their stocks after the company’s shares traded at roughly $34.53 and $33.40, respectively. Soderlund unloaded 36,133 shares, while Bene sold 7,771.

EA’s shares opened at $35.31 today, the highest price per share the company has traded at since September 2008. Another high-ranking executive at EA disposed of stocks as well: Chief Operating Officer  Peter Moore sold nearly half (100,000) of the shares he owned at $34.53 as well. This follows EA’s fiscal 2014 earnings report last week, in which it revealed a 5.79 percent decrease in net revenue year over year ($3.58 billion).

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