Form 4: Take-Two Interactive Director Acquires Restricted Stock Grant

Director Susan Tolson acquired 363 shares of restricted common stock in Take-Two Interactive as part of a director compensation program.

Summary

• Susan Tolson, a director at Take-Two Interactive, acquired 363 shares of restricted common stock.
• The acquisition was part of the company's director compensation program and 2017 Stock Incentive Plan.
• The shares were granted on November 14, 2024, and will vest on the first anniversary of the pricing date.
• The number of shares was determined based on the dollar value of the award and the average closing price of the common stock over the thirty trading days prior to November 14, 2024.
• The pricing date was the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment with the company's long-term success.
• The use of a stock incentive plan can motivate directors to contribute to the company's growth.

Industry Context

This type of stock grant is a common practice in the industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across the technology and gaming industries.
• Companies like Activision Blizzard and Electronic Arts also use similar compensation methods to incentivize their board members.
• The vesting period of one year is also a common practice to ensure long-term commitment from directors.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to better decision-making.

Key Dates

Keywords

restricted stock, director compensation, stock incentive plan, beneficial ownership, Take-Two Interactive, TTWO