Form 4: Take-Two Interactive Director LaVerne Srinivasan Acquires 373 Shares Through Compensation Program

Take-Two Interactive Software Inc. Director LaVerne Evans Srinivasan has acquired 373 shares of common stock as part of the company's director compensation program, increasing her total beneficial ownership to 11,026 shares.

Summary

• LaVerne Evans Srinivasan, a Director at Take-Two Interactive Software Inc. (TTWO), acquired 373 shares of common stock.
• The acquisition occurred on May 28, 2025, and was a grant of restricted common stock with a transaction price of $0 per share.
• These shares were granted under the company's Director compensation program and the 2017 Stock Incentive Plan.
• Following this transaction, Ms. Srinivasan beneficially owns a total of 11,026 shares of Take-Two Interactive common stock.
• The restricted stock is set to vest on the first anniversary of the grant date, May 28, 2025.
• The number of shares granted 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 May 28, 2025.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even as part of a compensation program, generally signals alignment of interests with shareholders and can be viewed positively, as it increases insider ownership.

Positives

• Director LaVerne Evans Srinivasan acquired 373 shares of common stock, aligning her interests further with shareholders.
• The acquisition is part of a structured Director compensation program, indicating a standard and transparent method of executive remuneration.

Negatives

• No negative aspects are reported in this Form 4 filing, as it details an acquisition of shares by a director.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The document indicates that the acquired restricted shares will vest on the first anniversary of the grant date (May 28, 2025), which is a future event.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation, which is a common practice across publicly traded companies in all industries, including the interactive entertainment sector where Take-Two Interactive operates. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The grant of restricted stock as part of a director compensation program is a standard practice in corporate governance across various industries, including technology and entertainment.
• The use of a stock incentive plan (2017 Stock Incentive Plan) for such grants is typical for publicly traded companies to align director interests with long-term shareholder value, comparable to practices at companies like Electronic Arts (EA) or Activision Blizzard (ATVI) before its acquisition.
• The determination of share count based on a dollar value award and a trailing average stock price is a common methodology for non-cash compensation grants, ensuring fairness and transparency in valuation.

Corporate Governance

Related Party Transactions

• The acquisition of shares by a director (LaVerne Evans Srinivasan) from the issuer (Take-Two Interactive Software Inc.) as part of a compensation program constitutes a related party transaction, which is disclosed as per regulatory requirements.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to increased stock ownership.

Next Steps

• The restricted common stock acquired by Ms. Srinivasan is expected to vest on the first anniversary of the grant date, May 28, 2025.

Key Dates

Recommendation

Keywords

Take-Two Interactive, TTWO, SEC Form 4, Insider Transaction, Stock Grant, Restricted Stock, Director Compensation, Share Ownership, LaVerne Evans Srinivasan