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

Director Ellen Siminoff acquired 509 shares of Take-Two Interactive common stock through a restricted stock grant and shares in lieu of cash compensation.

Summary

• Ellen Siminoff, a director at Take-Two Interactive, acquired 509 shares of common stock on November 14, 2024.
• The acquisition includes 363 shares of restricted stock that will vest on the first anniversary of the pricing date and 146 shares granted in lieu of cash compensation, which were fully vested upon grant.
• The share price was determined based on the average closing price of the common stock over the thirty trading days prior to November 14, 2024.
• The shares were acquired as part of the Director compensation program and the company's 2017 Stock Incentive Plan.
• Ms. Siminoff also indirectly owns 3,576 shares through the D&E Living Trust and 3,720 shares through the EFS 2020 Irrevocable Trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The vesting schedule of the restricted stock aligns the director's interests with the long-term performance of the company.

Industry Context

This is a routine filing related to director compensation and is common practice in publicly traded companies.

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders.
• The vesting schedule of the restricted stock is typical for such grants, encouraging long-term commitment.
• The use of a 30-day average closing price to determine the value of the grant is a standard practice to mitigate short-term price fluctuations.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Take-Two Interactive, Director, Ellen Siminoff, Stock Grant, Restricted Stock, Beneficial Ownership, TTWO, Compensation, Stock Incentive Plan