Form 4: Take-Two Director Boosts Stake with Stock Grant

Take-Two Interactive Software Director William B. Gordon acquired 84 shares of common stock on January 1, 2026, as part of his compensation plan, increasing his total beneficial ownership to 62,014 shares.

Summary

• William B. Gordon, a Director of Take-Two Interactive Software Inc. (TTWO), acquired 84 shares of common stock.
• The transaction occurred on January 1, 2026.
• These shares were granted under the Issuer's Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan.
• The shares were received in lieu of the quarterly non-employee director cash retainer and applicable committee fees, at the election of Mr. Gordon.
• The acquired shares were fully vested upon grant.
• Following this transaction, Mr. Gordon beneficially owns 62,014 shares of common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director, even as compensation, generally indicates alignment of interests with shareholders. However, the small number of shares means the overall impact on company sentiment is minimal.

Positives

• Director William B. Gordon elected to receive equity compensation (84 shares) instead of cash, aligning his interests further with shareholders.
• The shares were fully vested upon grant, indicating immediate ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance. It reports a past insider transaction.

Industry Context

It is common practice for publicly traded companies, particularly in the technology and entertainment sectors like Take-Two Interactive Software, to offer equity compensation to their non-employee directors. This practice helps align the interests of directors with those of shareholders by giving them a direct stake in the company's performance. The election to receive stock in lieu of cash is a standard option in many such compensation plans.

Comparison to Industry Standards

• The practice of granting stock to non-employee directors as part of their compensation is a widely adopted corporate governance standard across various industries, including the interactive entertainment sector where Take-Two operates.
• Companies like Electronic Arts (EA) and Activision Blizzard (ATVI) (before its acquisition) also utilize similar equity-based compensation structures for their non-executive board members, often allowing for elections between cash and stock.
• The vesting of shares upon grant for director compensation is also a common approach, reflecting the immediate contribution and oversight expected from board members.

Corporate Governance

Related Party Transactions

• The acquisition of 84 shares of common stock by Director William B. Gordon from Take-Two Interactive Software Inc. as compensation constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of a director's interests with shareholders through equity ownership.

Key Dates

Keywords

Take-Two Interactive Software, TTWO, Insider transaction, Form 4, Director compensation, Stock grant, Equity compensation, William B. Gordon