Form 4: Take-Two Director Awarded Restricted Stock

Take-Two Interactive Software director LaVerne Evans Srinivasan received an annual award of 1,379 restricted common shares.

Summary

• LaVerne Evans Srinivasan, a Director at Take-Two Interactive Software Inc. (TTWO), acquired 1,379 shares of common stock.
• The transaction occurred on October 1, 2025, and represents an annual award of restricted common stock.
• The shares were granted under the Issuer's Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan.
• The granted shares are scheduled to vest on October 1, 2026.
• Following this transaction, Ms. Srinivasan beneficially owns a total of 10,442 shares of common stock.
• The acquisition price for these shares was $0, indicating a grant rather than a purchase.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates routine corporate governance and aligns director interests with shareholders, but it is a standard, non-eventful transaction.

Positives

• The grant of restricted stock aligns the director's interests with long-term shareholder value.
• This is a routine compensation practice for non-employee directors, indicating stable corporate governance.

Future Outlook

The 1,379 restricted common shares granted to Director LaVerne Evans Srinivasan are scheduled to vest on October 1, 2026, subject to the terms of the company's 2017 Stock Incentive Plan.

Industry Context

Annual restricted stock grants to non-employee directors are a common practice across publicly traded companies, particularly in the technology and entertainment sectors, to incentivize long-term commitment and align leadership interests with shareholder returns.

Comparison to Industry Standards

• The practice of granting restricted stock to non-employee directors is a standard compensation mechanism in the U.S. public company landscape, comparable to practices at companies like Electronic Arts (EA) or Activision Blizzard (ATVI) for their independent board members.
• A $0 grant price for restricted stock is typical, as it represents an award of equity rather than a purchase at market value, similar to how many companies structure their equity incentive plans for directors and executives.

Corporate Governance

Related Party Transactions

• Annual award of 1,379 restricted common shares to LaVerne Evans Srinivasan, a non-employee director, under the company's 2017 Stock Incentive Plan, representing a transaction between the company and a related party.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the company's long-term performance, potentially fostering more strategic decision-making that benefits shareholders.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The 1,379 restricted common shares will vest on October 1, 2026, subject to the terms of the 2017 Stock Incentive Plan.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled annual restricted stock grant to a non-employee director. Such a transaction is a standard component of director compensation and does not provide new fundamental information that would warrant a change in investment recommendation for Take-Two Interactive Software Inc. The transaction is expected and reflects ongoing corporate governance practices rather than a significant operational or strategic development.

Keywords

Take-Two Interactive Software, TTWO, LaVerne Evans Srinivasan, Restricted Stock, Director Compensation, SEC Form 4, Insider Transaction, Stock Incentive Plan