Peter Moore issued $22 million in EA stock

by Kyle Orland { Sep 24th 2007 at 12:44PM }

As if we needed more reasons to be insanely jealous of Peter Moore. Not only does the guy get a $1.5 million bonus and six-figure salary for jumping from Microsoft to EA Sports, now comes reports that the executive is making even more scratch off EA stock awards.

CNN/Money's "insider actions" table for Electronic Arts shows Moore receiving a whopping 400,000 shares in the company last week, a transfer worth upwards of $21 million. As if that weren't jaw-dropping enough, the stock has since gone up two points to $55.73 a share, earning Moore $800,000 in virtual money in just seven days. Nice work if you can get it.

We understand that stock ownership gives Moore a more personal stake in the success of the company, but we can't help but boggle at the worth EA is placing on having this one man lead one of their biggest divisions. Will having Moore at the helm really sell that many more copies of Madden? Here's hoping ... for the sake of Moore's stock value.

[Via CVG]

Tags: EA, EAsports, Microsoft, moore, stock

Reader Comments (Page 1 of 1)

Jonah Falcon @ Sep 24th 2007 12:52PM

What a payday. Wow.

ThornedVenom @ Sep 24th 2007 12:57PM

He's called the Meowth-man.

JesseJames @ Sep 24th 2007 12:53PM

Myeh! He's just moving from one monopoly to another. Unless...........the two monopolies are trying to...............naaaaaaaaaaaaaaw; hope not!

Matt B (SDF ) @ Sep 24th 2007 12:55PM

PS3 Madden 09 @ 20FPS confirmed.

JesseJames @ Sep 24th 2007 12:59PM

Agreed! What a shame.........

ThornedVenom @ Sep 24th 2007 12:59PM

Claim Bill Gates' throne!!!!

FrankTheCrank @ Sep 24th 2007 1:00PM

Nothing like being given a top spot at a company whose already the top dog in third party development.

Easy money! Peter doesn't have to do anything but collect a paycheck.

Exo @ Sep 24th 2007 1:02PM

His secret mission from microsoft is to aquire ownership of EA for them

T3H WICKERMAN @ Sep 24th 2007 1:20PM

While this bitch sees green all i see is red. RED RINGS ON MY XBOX you limey bastard! Keep ducking me Moore you knob swallower.

Cal @ Sep 24th 2007 7:38PM

Except... Moore doesn't work for MS anymore.

Paul P. @ Sep 24th 2007 2:01PM

It won't sell that much more Madden, but it could help sell their other sports franchises more aggressively.

Zach @ Sep 24th 2007 2:01PM

Wasn't he awarded options for 350k shares and given 50k in restricted stock? Different than actually getting 400k shares I believe. A. They vest over time, and B. he just has the right to purchase shares at 53.73. Not a bad payday regardless, but not as direct.

Savok @ Sep 24th 2007 2:01PM

So "Nobody is concerned anymore about backwards compatibility. We under promised and over delivered on that." level of bullshit earns you over $20 million in shares.

Good to know.

Scooby Doo @ Sep 24th 2007 2:04PM

I like you're thinking Exo, perfect Microsoft conspiracy theory kind of stuff.

That said, they haven't listed what kind of stock Moore's getting. I expect that the stock will follow a vestment schedule so unless Peter Moore can deliver defined objectives...such as increasing gross revenue by 10% over two years for example...he won't actually receive the stock, it's most likely restricted with a schedule. Anyone that's worked for a company that gives option incentives usually has a similiar vesting procedure. EA didn't actually just give Moore $21 million in common shares, he has to work for them.