Form 4: Take-Two Interactive Director William B. Gordon Acquires Shares Under Compensation Program

Director William B. Gordon acquired 395 shares of Take-Two Interactive common stock on February 14, 2025, through a grant of restricted stock and shares in lieu of cash compensation.

Summary

• William B. Gordon, a director of Take-Two Interactive Software, Inc., acquired 395 shares of common stock on February 14, 2025.
• The acquisition consists of 310 shares of restricted stock that vest on the first anniversary of the pricing date and 85 shares of common stock granted in lieu of cash compensation, which were fully vested upon grant.
• The shares were acquired under the Director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The number of shares was determined based on the dollar value of the award and the average closing prices of the common stock on the thirty trading days prior to February 14, 2025.
• Following the transaction, Gordon directly owns 60,239 shares of Take-Two Interactive common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice, indicating confidence in the company's stock.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.
• The grant of restricted stock aligns the director's interests with those of the shareholders.

Industry Context

This type of stock grant to directors is a common practice in the industry to align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, similar to what is disclosed here for William B. Gordon.
• Companies like Activision Blizzard and Electronic Arts also utilize stock incentive plans for their directors and executives.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates