Take-Two issuing over 2.8 million shares to Housers, key studio members following GTAIV's 13 million unit shipment.
GTAIV's sucess bodes well for top Rockstar management, including studio cofounders Sam and Dan Houser and the game's producer, Leslie Benzies. As part of their contract renegotiations announced in December, the Housers and other top Rockstar personnel were offered a stock-based profit-sharing arrangement in order to retain their services until January 31, 2012.
Related to that deal, Take-Two revealed yesterday that it plans to enumerate "certain employees of Rockstar Games" with 2,849,003 in restricted shares in the company during its current fiscal year, which ends October 31, 2009. Take-Two notes that the stock issuance is not yet final, as stockholders will be required to approve the compensation at the company's annual meeting on April 23.
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