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Weird. his last day at EA was april 25. [1] I would guess he got the stock when he accepted the offer from zygna, not his first day. Of course, maybe you're r
by jfoutz 14y ago
Weird. his last day at EA was april 25. [1]
I would guess he got the stock when he accepted the offer from zygna, not his first day.
Of course, maybe you're right, and he makes million dollar mistakes like like that all the time. If that's the case, good for zygna for getting rid of him.
[1] http://investor.ea.com/secfiling.cfm?filingID=1193125-11-108629&CIK=712515 http://investor.ea.com/secfiling.cfm?filingID=1193125-11-108...
- jellicle 14y agoIt's not a mistake to sell the stock as quickly as you can if you anticipate a massive drop in the stock price. Which as an insider, you're in a position to do. Let's see, stock price went from $13 to $3, so yes, he's way ahead, even if he pays more taxes.
- ChuckMcM 14y agoTrue and since the pre-planned sale was at $12 and the current price is $3, assuming the stock scaled the same his $3.9M payday would have been a $975K payday, $480K after taxes. Quite the difference. And of course if you were one of those folks who were forced to give back options [1] before the IPO, you are probably pretty pissed off. [1] http://news.cnet.com/8301-13506_3-57322150-17/zynga-to-employees-give-back-our-stock-or-youll-be-fired/ http://news.cnet.com/8301-13506_3-57322150-17/zynga-to-emplo...