Electronic Arts 2014 Annual Report Download - page 44

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price performance goals promoted by our current time-based RSU and PRSUs programs. Mr. Wilson’s options will
vest as to 24% on November 1, 2014, and 2% per month, thereafter for the next 38 months.
Overall, 89% of the value Mr. Wilson’s fiscal 2014 total compensation was in the form of equity, which will vest
over the next four years. While the value reported in the “Fiscal 2014 Summary Compensation Table”reflects
the fair value of these awards for accounting purposes at the time of grant (“Accounting Value”), the actual value
realized by Mr. Wilson from these awards (“Realized Value”) will depend on the Company’s stock price in
future years. The difference between the Accounting Value and Realized Value of Mr. Wilson’s total
compensation for fiscal 2014 is shown in the following table:
$674,038 $674,038
$780,474 $780,474
$4,060,004
$3,896,250
$8,607,400
$17,219
$17,219
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
FY 14 - Y
Fgni
tnuoc
c
A 14 - Realized
CEO Total Compensation: Accounting vs. Realized Value
Base Salary Annual Bonus Equity Realized Value
RSU / PRSU: Accounting Value Option: Accounting Value All Other Compensation
$13
975
381
$5,531,735
Mr. Jorgensen
Mr. Jorgensen serves as our Executive Vice President and Chief Financial Officer. In this role, Mr. Jorgensen
oversees the Company’s global finance and accounting operations.
Base Salary and Bonus Target: In the first quarter of fiscal 2014, the Committee increased Mr. Jorgensen’s
base salary by 3% and maintained his target bonus percentage at 100% of his annual base salary.
Cash Bonus Award: Mr. Jorgensen’s fiscal 2014 cash bonus award was $840,000, which corresponds to 126%
of his target bonus opportunity. To determine Mr. Jorgensen’s cash bonus award, the Committee took into
account that the Company achieved its non-GAAP net revenue target and exceeded its non-GAAP earnings per
share target, as well as an overall evaluation of his performance, including strategic and operational
achievements, such as: developing and implementing a plan to improve operating margins and cash provided by
operations; his role in reducing the Company’s operating expenses in the fiscal year; and managing
communications with investors and employees.
Equity Awards: In June 2013, Mr. Jorgensen was granted an Annual Award consisting of PRSUs with a target
vesting of 65,000 shares and 65,000 time-based RSUs. In February 2014, the Committee granted Mr. Jorgensen
an additional retention award of 225,000 time-based RSUs, which will vest as to 100% of the shares on the third
anniversary of the grant date. Mr. Jorgensen’s time based awards utilized both annual vesting over three years
and cliff vesting to deliver value in years one and two, while emphasizing retention over three years. The size of
this retention award and the vesting schedule is consistent with the retention grants received by our key leaders in
fiscal 2013. Overall, 87% of the value of Mr. Jorgensen’s total fiscal 2014 compensation was in the form of long-
term equity.
38