Form 4: Take-Two Interactive Director Acquires Shares Through Stock Grant

LaVerne Evans Srinivasan, a director at Take-Two Interactive, acquired 518 shares of common stock through a restricted stock grant.

Summary

• LaVerne Evans Srinivasan, a director at Take-Two Interactive Software, Inc., acquired 518 shares of common stock on November 14, 2024.
• The shares were acquired through a restricted stock grant as part of the Director compensation program and the company's 2017 Stock Incentive Plan.
• The grant date was November 14, 2024, and 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 this date.
• The shares vest on the first anniversary of the Pricing Date, which is November 14, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to 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 confidence in the company's future.
• The restricted stock grant aligns the director's interests with those of the shareholders.

Industry Context

This is a standard practice for compensating directors in publicly traded companies, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors in the technology and gaming industries.
• Companies like Electronic Arts (EA) and Activision Blizzard (ATVI) also use similar stock-based compensation plans for their directors.
• The vesting period of one year is also typical for restricted stock grants.

Stakeholder Impact

• The stock grant has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Take-Two Interactive, Director, Stock Grant, Restricted Stock, TTWO, Insider Trading, Compensation, Equity