Form 4: Roland Hernandez Acquires 310 Shares of Take-Two Interactive Stock as Part of Director Compensation Program
SEC Form 4 Filing
Director Roland Hernandez acquired 310 shares of Take-Two Interactive Software, Inc. stock on February 14, 2025, as part of the company's director compensation program.
Summary
- Roland Hernandez, a director of Take-Two Interactive Software, Inc., acquired 310 shares of common stock on February 14, 2025.
- 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 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 February 14, 2025.
- Following the transaction, Hernandez directly owns 9,244 shares of Take-Two Interactive common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.
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, which is the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.
Industry Context
This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: Roland Hernandez acquired 310 shares of Take-Two Interactive common stock. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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