06:06 PM - May 10, 2013 by MMChrisS
Andrew Wilson, the Executive Vice President of EA Sports, sold his entire stake in Electronic Arts according to an SEC filing on Thursday. The stock, valued at around $687,000, was Wilson's full allotment of just over 32000 shares of EA stock.
EA's stock has skyrocketed this week after news of two huge exclusive deals with both FIFA and Star Wars being inked to the company for years to come.
There is no word from EA on Wilson's status with the company at this time -- but one has to wonder what that was all about for sure.
UPDATE: A second EA executive, senior vice president and general counsel Stephen Bene has sold a large number of derivative securities (vested options) as well. Stock sales of this type (by senior corporate officers) require immediate disclosure as they can indicate a lack of confidence in a company.
We'll be on top of this story if anything develops through the weekend.