Ellen Siminoff (TTWO) Receives 967 Restricted Shares, 97 Vested
Rhea-AI Filing Summary
Ellen F. Siminoff, a director of Take-Two Interactive Software, Inc. (TTWO), reported an acquisition of 1,064 shares of common stock on 10/01/2025. The award comprises 967 shares granted as the annual non-employee director restricted stock award under the company's 2017 Stock Incentive Plan, which are scheduled to vest on 10/01/2026, and 97 shares granted in lieu of the quarterly cash retainer that vested immediately. Following the transaction, Ms. Siminoff is shown as directly owning 8,255 shares and indirectly holding 3,888 shares through the D&E Living Trust (co-trusteed with David Siminoff) and 3,003 shares through the EFS 2020 Irrevocable Trust (where she is trustee). The Form 4 was signed by an attorney-in-fact on 10/02/2025.
Positive
- 1,064 shares acquired, including 97 immediately vested shares
- 967 restricted shares granted as the annual director award, aligning interests until 10/01/2026
- Clear disclosure of indirect holdings: 3,888 (D&E Living Trust) and 3,003 (EFS 2020 Irrevocable Trust)
Negative
- None.
Insights
Director received equity aligning interests with shareholders; most shares are restricted until 10/01/2026.
The filing shows a routine non-employee director compensation event: an annual award of 967 restricted shares plus 97 vested shares in lieu of cash. Restricted shares vesting on 10/01/2026 retain retention incentives and align long-term interests.
The disclosure of indirect holdings—3,888 shares via the D&E Living Trust and 3,003 via the EFS 2020 Irrevocable Trust—clarifies voting and dispositive power; Ms. Siminoff is a trustee or co-trustee and thus retains control over those shares.
Transaction is an equity grant with immediate and deferred components; no cash outlay reported.
The Form 4 reports an acquisition coded "A" for 1,064 shares at a reported price of $0, indicating a grant rather than a market purchase. 97 shares vested on grant, while 967 are subject to a one-year vesting schedule.
Because the grant is compensation-related and routine for non-employee directors, it is not an unusual liquidity event; the report was executed by an attorney-in-fact on 10/02/2025.