Form 4: Take-Two Interactive Director Paul Viera Reports Stock Acquisition

Director Paul Viera reports acquisition of Take-Two Interactive shares through restricted stock grant and indirect holdings.

Summary

• Paul Viera, a director of Take-Two Interactive Software, Inc., reported acquiring 544 shares of common stock on May 30, 2024.
• The acquisition includes 400 shares of restricted stock granted under the Director compensation program and the 2017 Stock Incentive Plan, vesting on the first anniversary of the Pricing Date.
• Additionally, 144 shares were granted in lieu of cash compensation and were fully vested upon grant.
• Viera also indirectly holds 74 shares through Earnest Institutional LLC and 75,000 shares through The PEV Revocable Living Trust.
• The grant date was May 30, 2024, and the number of shares was determined based on the average closing prices of the common stock over the thirty trading days prior to the Pricing Date, the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's stock acquisition suggests confidence, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Insider transactions are routinely monitored as indicators of management's perspective on the company's valuation and prospects. Director stock acquisitions are generally viewed positively.

Stakeholder Impact

• The stock acquisition could have a minor positive impact on shareholder sentiment.

Key Dates