Form 4: Take-Two Interactive Director Acquires Shares Under Compensation Program

Michael Dornemann, a director of Take-Two Interactive Software, acquired 396 shares of common stock on August 16, 2024, as part of the company's director compensation program.

Summary

• On August 16, 2024, Michael Dornemann, a director at Take-Two Interactive Software, acquired 396 shares of common stock.
• The acquisition was part of the director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The shares were granted as restricted common stock 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 prices of the common stock over the thirty trading days prior to August 16, 2024.
• Following the transaction, Dornemann directly owns 20,759 shares of Take-Two Interactive Software.
• The Pricing Date is defined as the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's participation in a standard compensation program, indicating alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The director compensation program aligns the interests of directors with those of shareholders.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice among publicly traded companies to attract and retain qualified board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates