Take-Two (NASDAQ: TTWO) director gets 103-share stock retainer grant
Rhea-AI Filing Summary
Viera Paul E reported acquisition or exercise transactions in this Form 4 filing.
TAKE TWO INTERACTIVE SOFTWARE INC director Paul E. Viera received a grant of 103 shares of Common Stock as compensation. The shares were granted under the company’s Amended and Restated 2017 Stock Incentive Plan in lieu of his quarterly non-employee director cash retainer and committee fees, and were fully vested upon grant.
Following the grant, Viera holds 17,180 shares of Common Stock directly. In addition, 74 shares are held by Earnest Institutional LLC, an affiliate of Earnest Partners LLC where he is a partner and Chief Executive Officer; he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest. A further 75,000 shares are held by The PEV Revocable Living Trust and are indirectly held by Viera.
Positive
- None.
Negative
- None.
Insights
Routine stock grant replaces cash for Take-Two director fees.
Director Paul E. Viera elected to receive 103 shares of Take-Two Common Stock instead of his quarterly cash retainer and committee fees. The grant came under the company’s 2017 Stock Incentive Plan and was fully vested at the time of issuance.
This is a standard non-cash compensation event, not an open‑market purchase or sale. The filing also records his resulting positions: 17,180 shares held directly, 74 shares held by Earnest Institutional LLC where he has a pecuniary interest, and 75,000 shares held by The PEV Revocable Living Trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 103 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares of common stock granted under the Issuer's Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan in lieu of the quarterly non-employee director cash retainer and applicable committee fees at the election of the Reporting Person, which shares were fully vested upon grant. Represents 74 shares of Common Stock held directly by Earnest Institutional LLC, an affiliate of Earnest Partners LLC, of which Mr. Viera is a partner and the Chief Executive Officer (such securities are not held individually by Mr. Viera). Mr. Viera disclaims beneficial ownership of the securities held by Earnest Institutional LLC except to the extent of his pecuniary interest therein. Represents 75,000 shares of Common Stock held by The PEV Revocable Living Trust (such securities are indirectly held by Mr. Viera).
Key Figures
Key Terms
Stock Incentive Plan financial
pecuniary interest financial
Revocable Living Trust financial
non-employee director cash retainer financial
FAQ
What did Paul E. Viera report in this Form 4 for TTWO?
Was the Form 4 transaction for TTWO a stock purchase or sale?
What is the role of Earnest Institutional LLC in Viera’s TTWO holdings?