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

Director Paul Viera reports acquisition of shares through restricted stock grant and shares held indirectly through affiliated entities and a revocable living trust.

Summary

• On August 16, 2024, Paul Viera, a director of Take-Two Interactive Software, Inc., reported transactions involving the company's common stock.
• Viera acquired 539 shares of common stock through a restricted stock grant under the Director compensation program and the 2017 Stock Incentive Plan.
• Of these, 396 shares vest on the first anniversary of the Pricing Date, and 143 shares were granted in lieu of cash compensation and are fully vested.
• The grant date was August 16, 2024, and the number of shares 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 August 16, 2024.
• Viera also indirectly owns 74 shares through Earnest Institutional LLC and 75,000 shares through The PEV Revocable Living Trust.
• Viera disclaims beneficial ownership of the securities held by Earnest Institutional LLC except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's not a major event.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding insider transactions.

Key Dates