TTWO Form 4: Susan Tolson Receives 254 Restricted Shares, Beneficially Owns 31,155
Rhea-AI Filing Summary
Susan Tolson, a director of Take-Two Interactive Software Inc. (TTWO), was granted 254 shares of restricted common stock on 08/14/2025 under the Director compensation program and the Issuer's 2017 Stock Incentive Plan. The award was granted at a $0 reported price and will vest on the first anniversary of the Pricing Date. The number of shares was set based on the dollar value of the award and the average closing price of TTWO common stock over the 30 trading days prior to 08/14/2025. After the grant, Ms. Tolson beneficially owned 31,155 shares. The Form 4 was signed by Aaron Diamond as attorney-in-fact and dated 08/18/2025.
Positive
- Director alignment: The restricted stock grant vests after one year, aligning Ms. Tolson's incentives with shareholder value over time.
Negative
- None.
Insights
TL;DR: Director received a routine restricted stock grant; impact on equity is immaterial given size.
The filing documents a standard director equity award: 254 restricted shares granted under the company's director compensation and 2017 Stock Incentive Plan, granted 08/14/2025 and vesting one year after the Pricing Date. The grant price is reported as $0 reflecting a restricted share award rather than an open-market purchase. Post-grant beneficial ownership is 31,155 shares. For investors, this is a routine compensation disclosure and does not convey new operating performance or material capital changes.
TL;DR: Compensation disclosure aligns director incentives with shareholders via time-based equity vesting.
The grant structure—restricted stock vesting after one year and valued using a 30-day average closing price—follows common governance practices to align director incentives with shareholder value over time. The Form 4 is properly filed and signed by an attorney-in-fact. There are no indications in the filing of departures from standard plan procedures or unusual terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 254 | $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"). The shares of restricted stock vest on the first anniversary of the Pricing Date (as defined below). 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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