Form 4: Take-Two Interactive CFO Lainie Goldstein Reports Changes in Beneficial Ownership

Lainie Goldstein, CFO of Take-Two Interactive, reports the withholding of 423 shares for tax liabilities and updates her beneficial ownership to include shares, unvested time-based restricted stock units, and unvested performance-based restricted stock units.

Summary

• Lainie Goldstein, the Chief Financial Officer of Take-Two Interactive Software, Inc., filed a Form 4 with the SEC on March 13, 2024.
• The filing reports changes in her beneficial ownership of Take-Two Interactive's common stock.
• On March 1, 2024, 423 shares were withheld by Take-Two Interactive to cover withholding tax liabilities related to the vesting of time-based restricted stock units.
• Following this transaction, Goldstein's beneficial ownership includes 321,710 shares of common stock.
• This total includes 130,460 shares of Common Stock, 32,626 unvested time-based restricted stock units and 158,624 unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a routine transaction related to stock vesting and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The unvested awards will vest, or fail to vest, in accordance with the terms of the applicable award agreements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company insiders.
• It assures stakeholders that management's interests are aligned with shareholders through equity ownership.

Key Dates