Form 4: Take-Two Interactive Director Jon J. Moses Acquires Restricted Stock

Director Jon J. Moses acquired 363 shares of restricted common stock in Take-Two Interactive Software, Inc. as part of the company's director compensation program.

Summary

• Jon J. Moses, a director at Take-Two Interactive Software, Inc., acquired 363 shares of restricted common stock on November 14, 2024.
• The acquisition was part of the company's director compensation program and 2017 Stock Incentive Plan.
• The shares were granted as restricted 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 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 routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There is no indication of any negative sentiment.

Positives

• The acquisition of shares aligns the director's interests with the company's performance.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

This is a standard practice for compensating directors in publicly traded companies, aligning their interests with shareholders through equity-based awards.

Comparison to Industry Standards

• Many publicly traded companies, such as Electronic Arts (EA) and Activision Blizzard (ATVI), use similar stock-based compensation plans for their directors.
• These plans typically include vesting periods to encourage long-term commitment and alignment with shareholder value.
• The specific terms of the grant, such as the vesting period and pricing mechanism, are common practices in the industry.

Stakeholder Impact

• The stock grant aligns the director's interests with shareholders, potentially leading to better decision-making.
• The vesting period encourages long-term commitment from the director.

Key Dates

Keywords

restricted stock, director compensation, stock incentive plan, insider trading, equity, TTWO, Take-Two Interactive