EA Sports executive vice president Andrew Wilson has sold more than $687k worth of company shares – a move apparently prompted by the publisher’s recent stock market rise.
As reported by GameSpot, an EA filing with the Securities and Exchange Commission shows that Wilson (also the head of EA’s digital distribution platform Origin) sold his entire stake in the firm. The amount represented over 32k company shares in all.
Earlier this month, EA’s stock price soared to its highest level in over a year due to several factors; including the publisher’s landing of the exclusive rights to Star Wars games and extension of its FIFA soccer license through 2022.
What all of this means in the long run (if anything) is still unclear; but after originally declining to comment, EA has issued a short statement to IGN on the matter:
“Andrew is the head of EA Sports and Origin. He has no plans to leave EA.”
Additionally, Polygon reports that EA senior vice president Stephen Bene has sold all but 6.7k of his 25k shares in the company. There’s been no word as of yet from the publisher on that particular development.