Form 4: Take-Two Interactive Director Roland Hernandez Acquires Shares Through Stock Grant

Director Roland Hernandez acquired 363 shares of Take-Two Interactive common stock through a restricted stock grant as part of the company's director compensation program.

Summary

• Roland Hernandez, a director at Take-Two Interactive Software Inc., acquired 363 shares of common stock on November 14, 2024.
• The acquisition was part of a restricted stock grant under the company's director compensation program and 2017 Stock Incentive Plan.
• The shares were granted at a price of $0, and the number of shares was determined based on the average closing price of the common stock over the thirty trading days prior to November 14, 2024.
• The restricted stock will vest on the first anniversary of the pricing date, which is November 14, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The stock grant aligns the director's interests with the company's performance.
• The vesting period encourages long-term commitment from the director.

Future Outlook

The restricted stock will vest on the first anniversary of the pricing date.

Industry Context

Stock grants are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many publicly traded companies, such as Electronic Arts (EA) and Activision Blizzard (ATVI), use stock grants as part of their director compensation packages.
• The vesting period of one year is a fairly standard practice in the industry to ensure long-term alignment.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The vesting period encourages long-term commitment from the director, which can be beneficial for the company's performance.

Key Dates

Keywords

Take-Two Interactive, Director, Stock Grant, Restricted Stock, Compensation, TTWO, Equity