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EA CEO sells 26,700 shares

Electronic Arts chief executive Larry Probst has exercised options on 26,700 shares, the company said in a filing with the US Securities and Exchange Commission, raking in a huge profit.

The chief executive of Electronic Arts exercised options on 26,700 shares of EA stock on Tuesday for a profit of just over £1.22 million (or $1.96 million), according to a filing with the US Securities and Exchange Commission.

Larry Probst exercised options on the shares at $11.75 each and sold those shares at $85.06 for a profit of £1.22m.

This is not the first time this year that Probst has exercised his stock options either. In fact since May 27, Reuters reports that Probst has generated profits of over £8 million ($13 million) in six separate transactions.

Shares in Electronic Arts hit an all-time high of $86.30 on Monday on the Nasdaq. They are currently trading at $86.15.

This performance is likely to be at least partly down to news that EA will be paid $27.5 million over two years by AOL for the rights to carry the publisher's online games.

Tom Bramwell avatar

Tom Bramwell


Tom worked at Eurogamer from early 2000 to late 2014, including seven years as Editor-in-Chief.