Andrew Wilson will receive over $100 million following the sale of EA
The Electronic Arts (EA) report for the U.S. Securities and Exchange Commission shed light on the size of the payouts due to its executives as a result of the upcoming sale of the company. For instance, it became known that CEO Andrew Wilson will receive a rather substantial amount.
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According to the document, for his EA stock and stock options, Wilson will receive $105.93 million. However, there's a catch: this money will not be paid out immediately but in installments over a long period, the exact duration of which is unspecified.
For comparison, the size of stock payouts for other EA executives is as follows:
- President of EA Entertainment, Laura Miele — $44.4 million;
- Chief Financial Officer, Stuart Canfield — $33.4 million;
- Head of Human Resources, Mala Singh — $24.6 million;
- Chief Legal Officer, Jacob Schatz — $24.6 million.
Additionally, EA disclosed the size of Wilson's "golden parachute"—the amount that will be paid to the top executive if he is dismissed. In such a case, the head of EA will be entitled to $12.4 million.
However, at least in the immediate future, Wilson is not at risk of being dismissed. EA confirmed at the end of September that he will continue to lead the company even after the completion of its sale.
It should be noted that the new owners of EA will be a consortium consisting of the Saudi Arabian Sovereign Fund, Silver Lake, Affinity Partners, and several other investors. They will purchase the company for $55 billion.