The latest update is out from Electronic Arts (EA).
Electronic Arts Inc. has set the stage for the fiscal year 2025 by approving performance-based restricted stock unit awards (PRSUs) for select employees, including CEO Andrew Wilson, with an expected grant date of June 17, 2024. Sticking to prior metrics, the company has introduced the S&P 500 Index for its Relative Total Stockholder Return measure and an additional absolute return component that could enhance the PRSUs based on the company’s stock performance. To reap these benefits, employees must remain with the company through a three-year performance period, with provisions in place for a potential change in control of the company.
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