EA Sports executive vice president Andrew Wilson has unloaded his entire stake in the company after the publisher's shares hit their highest value since the end of 2011. Wilson sold his 32,085 shares for $687,000.
The deal was revealed in an SEC document filed Thursday and was spotted by Gamespot. He sold his stocks for $21.42 per share. "Wilson now holds zero shares in EA and is the only EA executive in such a position. All other EA executives listed on the publisher's website carry stock in the company," Gamespot reports. Meanwhile, EA Sports, in a statement issued to IGN, clarified that Wilson is not planning to leave the company and said, "Andrew is the head of EA Sports and Origin. He has no plans to leave EA."
EA's shares skyrocketed after it acquired the exclusive rights to publish Star Wars games last week and a FIFA license extension on Wednesday. The company's shares closed Wednesday up more than 17 percent to $21.56, marking the highest value since the end of 2011.
Following Wilson's move, EA senior vice president and General Counsel Stephen Bene made a significant deal when he bought 25,000 EA shares at $16.06 per share for $401,500 in total and sold those shares for $22.40 each, making $560,000. "After subtracting the amount originally spent when the option to buy the shares was exercised, Bene made a net profit of $158,500. Unlike Wilson, Bene is still in possession of 6,700 shares of EA, according to SEC documents," Joystiq reports.
