Form 4: Take-Two Director Receives Annual Stock Grant

Take-Two Interactive Software Director Michael Sheresky was granted 967 shares of restricted common stock as part of an annual award, vesting in October 2026.

Summary

• Michael Sheresky, a Director at Take-Two Interactive Software Inc. (TTWO), acquired 967 shares of common stock.
• The transaction occurred on October 1, 2025, and represents an annual award of restricted common stock.
• The shares were granted to Mr. Sheresky as a non-employee director under the Issuer's Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan.
• The awarded shares are scheduled to vest on October 1, 2026.
• The acquisition price for these shares was $0, typical for a restricted stock grant.
• Following this transaction, Mr. Sheresky beneficially owns a total of 65,963 shares of common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine, expected annual stock grant to a director, which is a positive for aligning management interests with shareholders but does not indicate significant new financial performance or strategic shifts.

Positives

• The grant of restricted stock aligns the interests of Director Michael Sheresky with those of the shareholders, as his compensation is tied to the company's future stock performance.
• This is a standard practice for compensating non-employee directors, ensuring continued engagement and oversight.

Future Outlook

The 967 shares of restricted common stock granted to Director Michael Sheresky are scheduled to vest on October 1, 2026, subject to the terms of the company's 2017 Stock Incentive Plan.

Industry Context

The grant of restricted stock to a non-employee director is a common compensation practice across publicly traded companies, including those in the interactive entertainment and software industry. It serves to attract and retain qualified board members and align their long-term interests with shareholder value creation.

Comparison to Industry Standards

• The practice of granting restricted stock to non-employee directors is a widely accepted compensation method in the technology and entertainment sectors, comparable to practices at companies like Activision Blizzard (ATVI) or Electronic Arts (EA) for their board members.
• The vesting schedule, typically over one year for annual grants, is also standard, ensuring continued service and commitment from the director.

Stakeholder Impact

• Shareholders: The grant represents a minor dilution but is intended to align director incentives with long-term shareholder value.
• Director Michael Sheresky: Receives equity compensation, increasing his stake and commitment to the company's performance.

Next Steps

• The 967 shares of restricted common stock will vest on October 1, 2026, at which point they will become fully owned by Michael Sheresky.

Key Dates

Keywords

Take-Two Interactive Software, TTWO, Michael Sheresky, Form 4, Insider Transaction, Restricted Stock, Director Compensation, Stock Incentive Plan, Equity Award