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

Take-Two Interactive Software Inc. Director Michael Sheresky was granted 262 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. (TTWO), acquired 262 shares of common stock.
• The acquisition occurred on May 28, 2025, at a price of $0 per share, indicating a grant rather than a cash purchase.
• These shares are restricted common stock granted under the company's Director compensation program and the 2017 Stock Incentive Plan.
• The granted shares are set to vest on the first anniversary of the 'Pricing Date'.
• The 'Pricing Date' is defined as the average of the closing prices of the common stock on the thirty trading days prior to May 28, 2025, which is also the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.
• Following this transaction, Mr. Sheresky beneficially owns a total of 65,140 shares of common stock.

Sentiment

Score: 7

Explanation: The filing reports a routine grant of restricted stock to a director, which is a standard practice for aligning management and board interests with shareholders. It does not contain any negative or significantly positive unexpected news.

Positives

• The grant of restricted stock aligns the director's interests with long-term shareholder value, as the shares vest over time.
• It indicates a standard and established compensation practice for directors, utilizing equity to incentivize performance and retention.

Future Outlook

The 262 shares of restricted common stock granted to Director Michael Sheresky are scheduled to vest on the first anniversary of the 'Pricing Date', aligning his future compensation with the company's long-term performance.

Industry Context

Equity-based compensation, particularly restricted stock grants with vesting periods, is a common practice in the technology and entertainment industries to attract and retain key talent, including board members, and to align their financial interests with the long-term performance and shareholder value of the company.

Comparison to Industry Standards

• Equity compensation for directors is a standard practice across publicly traded companies, especially within the gaming and entertainment sector (e.g., Activision Blizzard, Electronic Arts, Nintendo).
• The use of restricted stock grants with a vesting period is a common mechanism to incentivize long-term commitment and performance, aligning director interests with shareholder value.
• The specific number of shares granted would typically be benchmarked against peer companies' director compensation programs, though this document does not provide such comparative data.

Related Party Transactions

• The grant of restricted common stock to Michael Sheresky, a director, is a related party transaction as it involves compensation from the company to an insider as part of a formal compensation program.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• Vesting of the 262 restricted shares on the first anniversary of the 'Pricing Date'.

Key Dates

Keywords

Take-Two Interactive, TTWO, SEC Form 4, Insider Transaction, Restricted Stock, Director Compensation, Stock Grant, Michael Sheresky