Form 4: Take-Two Interactive Director Paul Viera Receives Equity Grant as Compensation

Paul E. Viera, a Director at Take-Two Interactive Software Inc., acquired 356 shares of common stock as part of his compensation program, with a portion vesting over one year and the remainder immediately.

Summary

• Paul E. Viera, a Director of Take-Two Interactive Software Inc. (TTWO), acquired 356 shares of the company's common stock on May 28, 2025.
• This acquisition was a grant of restricted common stock under the Director compensation program and the Issuer's 2017 Stock Incentive Plan.
• Of the 356 shares, 262 shares are restricted stock that will vest on the first anniversary of the Pricing Date.
• The remaining 94 shares were granted in lieu of cash compensation at Mr. Viera's election and were fully vested upon grant.
• The number of shares was determined based on the dollar value of the award and the average closing prices of the common stock on the thirty trading days prior to May 28, 2025 (the "Pricing Date").
• Following this transaction, Mr. Viera directly beneficially owns 15,591 shares.
• Additionally, he indirectly holds 74 shares through Earnest Institutional LLC and 75,000 shares through The PEV Revocable Living Trust.

Sentiment

Score: 7

Explanation: The filing indicates a routine compensation event for a director, which is generally positive for corporate governance and alignment of interests, without any negative implications.

Positives

• The acquisition of shares by a director aligns management's interests with those of shareholders.
• The grant is part of a standard director compensation program, indicating stable corporate governance practices.

Risks

• The vesting of 262 shares is contingent on Mr. Viera's continued service until the first anniversary of the Pricing Date.

Future Outlook

The document does not contain specific forward-looking statements or guidance beyond the vesting schedule of the granted shares.

Industry Context

This Form 4 filing details an insider transaction, specifically an equity grant to a director, which is a common practice across various industries, including the interactive entertainment sector, to incentivize and align director interests with company performance. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• The filing discloses indirect beneficial ownership of 74 shares through Earnest Institutional LLC, an affiliate of Earnest Partners LLC, where Mr. Viera is a partner and CEO, and 75,000 shares through The PEV Revocable Living Trust.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholders, potentially fostering better long-term decision-making.

Next Steps

• 262 shares of restricted stock are expected to vest on the first anniversary of the Pricing Date (May 28, 2025).

Key Dates

Recommendation

Keywords

Take-Two Interactive, TTWO, SEC Form 4, Insider Transaction, Stock Grant, Director Compensation, Restricted Stock, Equity Compensation, Paul Viera