Take-Two (TTWO) Director Granted 324 Shares; Ownership Now 60,897
Rhea-AI Filing Summary
Take-Two Interactive (TTWO) director William B. Gordon acquired a grant of 324 shares of common stock on 08/14/2025 under the director compensation program and the company's 2017 Stock Incentive Plan. The filing explains the award includes 254 restricted shares that vest one year after the Pricing Date and 70 shares granted in lieu of cash that vested immediately. Following the transaction the reporting person directly beneficially owned 60,897 shares. The grant date and share count were determined using the issuer's plan formulas and the average closing price over the thirty trading days before August 14, 2025. The Form 4 was executed by an attorney-in-fact and signed on 08/18/2025.
Positive
- Director alignment with shareholders: award includes restricted stock that vests after one year, encouraging continued service
- Clear reporting: transaction and post‑transaction beneficial ownership (60,897 shares) are disclosed in accordance with Section 16
Negative
- Incomplete sentence in explanation: reference to the Quarterly Report and Pricing Date mechanics is truncated and lacks the referenced date
- No dollar value provided for the award calculation: the filing omits the explicit valuation used to determine the number of shares
Insights
TL;DR: Routine director equity compensation: 324-share award, mostly time‑vested, increases direct holdings to 60,897 shares.
The transaction is a standard equity grant under the director compensation program and the 2017 Stock Incentive Plan, combining restricted stock and shares issued in lieu of cash. The majority of shares are subject to a one‑year vesting condition tied to the Pricing Date, which is typical for alignment with shareholder interests. This disclosure is procedural and non-dilutive in isolation; it informs ownership and potential future vesting schedules but does not indicate broader corporate action.
TL;DR: Standard governance practice: director received equity-based compensation with customary vesting and immediate cash-in-lieu shares.
The grant aligns with common governance practices to compensate directors with equity and tie a portion to continued service via time-based vesting. The immediate vesting of 70 shares in lieu of cash is disclosed clearly. The Form 4 shows proper reporting of beneficial ownership changes and execution by an attorney-in-fact, demonstrating compliance with Section 16 reporting requirements. The filing contains a truncated phrase regarding the Quarterly Report reference; that specific detail is incomplete in the record provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 324 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the acquisition of shares pursuant to a grant of restricted common stock pursuant to the Director compensation program (the "Program") and the Issuer's 2017 Stock Incentive Plan (the "Stock Plan"). Includes 254 shares of restricted stock that vest on the first anniversary of the Pricing Date (as defined below) and 70 shares of common stock granted in lieu of cash compensation at the election of the Reporting Person, which shares were fully vested upon grant. As provided by the terms of the Program and the Stock Plan, (i) the grant date was August 14, 2025; and (ii) the number of shares were determined based on the dollar value of the award and the average of the closing prices of the common stock on the thirty trading days prior to August 14, 2025 (the "Pricing Date"), the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.
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