Form 4: Take-Two Interactive Director William B. Gordon Acquires Shares Through Stock Grant

Director William B. Gordon acquired 463 shares of Take-Two Interactive common stock through a restricted stock grant and a grant in lieu of cash compensation.

Summary

• William B. Gordon, a director at Take-Two Interactive Software, Inc., acquired 463 shares of common stock on November 14, 2024.
• The acquisition includes 363 shares of restricted stock that will vest on the first anniversary of the pricing date and 100 shares granted in lieu of cash compensation, which were fully vested upon grant.
• The shares were granted as part of the Director compensation program and the company's 2017 Stock Incentive Plan.
• The number of shares was determined based on the dollar value of the award and the average closing price of the common stock over the thirty trading days prior to November 14, 2024.
• The pricing date was the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.

Sentiment

Score: 7

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

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The vesting schedule of the restricted stock aligns the director's interests with the long-term performance of the company.

Industry Context

This is a standard practice for compensating directors in publicly traded companies, aligning their interests with shareholders through equity ownership.

Comparison to Industry Standards

• Stock grants are a common form of compensation for directors in the technology and gaming industries.
• Many companies use similar vesting schedules to incentivize long-term performance.
• The use of a 30-day average closing price is a typical method for determining the value of stock grants.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The vesting schedule encourages long-term value creation.

Key Dates

Keywords

Take-Two Interactive, Director, Stock Grant, Restricted Stock, Share Acquisition, Compensation, TTWO, Insider Trading