Form 4: Take-Two Interactive Director Michael Sheresky Acquires Restricted Stock

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

Summary

• Michael Sheresky, a director at Take-Two Interactive Software, Inc., acquired 363 shares of restricted common stock.
• The acquisition was part of the company's director compensation program and 2017 Stock Incentive Plan.
• The shares were granted on November 14, 2024, and will vest on the first anniversary of this 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 average price was calculated using 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 or unexpected events.

Positives

• The grant of restricted stock aligns the director's interests with the company's performance.
• The vesting period encourages long-term commitment from the director.

Industry Context

This type of stock grant is a common practice in the technology and gaming industry to compensate and incentivize board members.

Comparison to Industry Standards

• Many publicly traded companies, including those in the gaming sector like Activision Blizzard and Electronic Arts, use similar stock-based compensation plans for their directors.
• These plans typically include vesting periods to ensure long-term alignment with shareholder interests.
• The specific terms of the grant, such as the vesting period and the method for determining the number of shares, are generally consistent with industry norms.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The vesting period encourages long-term commitment from the director, which can benefit the company and its stakeholders.

Key Dates

Keywords

restricted stock, director compensation, stock incentive plan, Take-Two Interactive, Michael Sheresky, equity, vesting