Form 4: Director William B. Gordon Acquires 505 Shares of Take-Two Interactive

Director William B. Gordon acquired 505 shares of Take-Two Interactive common stock on August 16, 2024, through a restricted stock grant and election in lieu of cash compensation.

Summary

• On August 16, 2024, William B. Gordon, a director of Take-Two Interactive Software, Inc., acquired 505 shares of common stock.
• The acquisition consists of 396 shares of restricted stock that will vest on the first anniversary of the pricing date and 109 shares of common stock granted in lieu of cash compensation, which were fully vested upon grant.
• The shares were acquired pursuant to the Director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The number of shares was determined based on the dollar value of the award and the average closing prices of the common stock on the thirty trading days prior to August 16, 2024.
• Following the transaction, Gordon directly owns 59,381 shares of Take-Two Interactive common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation, indicating alignment of interests but not necessarily a strong signal of future performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• The grant of restricted stock aligns the director's interests with those of the shareholders, encouraging long-term value creation.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects. This transaction reflects the standard compensation practices for directors at publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates