Form 4: Take-Two Interactive Chief Legal Officer Reports Stock Transaction
SEC Form 4 Filing
Daniel Emerson, Chief Legal Officer of Take-Two Interactive, reports the withholding of 300 shares for tax obligations related to vesting restricted stock units.
Summary
- Daniel Emerson, the Chief Legal Officer of Take-Two Interactive Software, Inc., filed a Form 4 on March 13, 2024, reporting a transaction that occurred on March 1, 2024.
- The transaction involved the withholding of 300 shares of common stock by the issuer to cover withholding tax liabilities.
- These liabilities arose from the vesting of time-based restricted stock units originally granted on June 1, 2022.
- The price per share for the tax withholding was $150.34.
- Following the transaction, Emerson beneficially owns 130,568 shares of Take-Two Interactive stock, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| June 1, 2022 | Original grant date of time-based restricted stock units. |
| March 1, 2024 | Date of the transaction (stock withholding for tax liability) and vesting of restricted stock units. |
| March 13, 2024 | Date of Form 4 filing. |
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