Form 4: William B. Gordon Acquires 510 Shares of Take-Two Interactive Software

Director William B. Gordon acquired 510 shares of Take-Two Interactive Software (TTWO) on May 30, 2024, through a restricted stock grant and election to receive shares in lieu of cash compensation.

Summary

• On May 30, 2024, William B. Gordon, a director of Take-Two Interactive Software, acquired 510 shares of common stock.
• The acquisition consisted of 400 shares of restricted stock granted under the Director compensation program and the 2017 Stock Incentive Plan, vesting on the first anniversary of the Pricing Date.
• Additionally, 110 shares were granted in lieu of cash compensation and were fully vested upon grant.
• The grant date was May 30, 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 May 30, 2024.
• Following the transaction, Gordon directly owns 58,876 shares of Take-Two Interactive Software.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard insider transaction. The acquisition of shares by a director is generally viewed positively, but the impact is limited as it's part of a pre-existing compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
• The grant of restricted stock aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. This transaction is a routine disclosure of a director's stock acquisition.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a member of the board of directors.

Key Dates