Form 4: LaVerne Evans Srinivasan Acquires 565 Shares of Take-Two Interactive Stock

Director LaVerne Evans Srinivasan acquired 565 shares of Take-Two Interactive Software, Inc. common stock on August 16, 2024, as part of the director compensation program.

Summary

• LaVerne Evans Srinivasan, a director of Take-Two Interactive Software, Inc., acquired 565 shares of common stock on August 16, 2024.
• The acquisition was part of the director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The shares were granted as restricted common stock and will vest on the first anniversary of the pricing date.
• The pricing date was determined as the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.
• The number of shares was determined based on the dollar value of the award and the average closing prices of the common stock over the thirty trading days prior to August 16, 2024.
• Following the transaction, Ms. Srinivasan beneficially owns 11,692 shares of Take-Two Interactive Software, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders.

Positives

• The acquisition reflects continued director participation in the company's equity.

Industry Context

Director stock ownership is a common practice to align the interests of directors with those of shareholders. This transaction is part of Take-Two's standard director compensation program.

Comparison to Industry Standards

• Director compensation packages often include stock grants to incentivize long-term value creation.
• Companies like Electronic Arts (EA) and Activision Blizzard (ATVI) also utilize stock-based compensation for their directors.
• The vesting schedule of one year is fairly standard for restricted stock grants to directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with shareholder value.

Key Dates