Form 4: Take-Two Interactive Director Roland Hernandez Acquires 400 Shares of Common Stock

Director Roland Hernandez acquired 400 shares of Take-Two Interactive common stock on May 30, 2024, as part of the director compensation program.

Summary

• Roland Hernandez, a director of Take-Two Interactive Software, Inc., acquired 400 shares of common stock on May 30, 2024.
• The acquisition was part of the director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The shares were granted as restricted common stock and will vest on the first anniversary of the pricing date.
• The pricing date, as defined in the program, is the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.
• 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 May 30, 2024.
• Following the transaction, Hernandez directly owns 8,175 shares of Take-Two Interactive common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard director compensation transaction. It's neither overly positive nor negative.

Positives

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

Future Outlook

The restricted stock will vest on the first anniversary of the pricing date, which is the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and can reflect management's alignment with shareholder interests.

Stakeholder Impact

• The acquisition of shares by a director can have a minor positive impact on shareholder sentiment.

Key Dates