Form 4: LaVerne Evans Srinivasan Acquires 571 Shares of Take-Two Interactive Software Through Director Compensation Program

Director LaVerne Evans Srinivasan acquired 571 shares of Take-Two Interactive Software common stock on May 30, 2024, as part of the company's director compensation program.

Summary

• LaVerne Evans Srinivasan, a director of Take-Two Interactive Software, acquired 571 shares of common stock on May 30, 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 vest on the first anniversary of the Pricing Date.
• The grant date was May 30, 2024, and 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 May 30, 2024.
• The average closing price was calculated on the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard director compensation practice, indicating alignment of interests between the director and shareholders. There are no indications of negative performance or concerns.

Positives

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

Future Outlook

The restricted stock vests on the first anniversary of the Pricing Date.

Industry Context

This filing is a routine disclosure of a director's acquisition of company stock as part of their compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation programs involving stock grants are standard practice among publicly traded companies, including those in the gaming industry like Electronic Arts (EA) and Activision Blizzard (ATVI).
• The vesting schedule of one year is also a common practice to ensure long-term commitment from the director.
• The determination of the number of shares based on a dollar value and average closing prices over a period is a typical method for calculating equity grants.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence, as it demonstrates the director's belief in the company's future prospects.

Key Dates