Hasbro executive exercises options, sells 20K shares
Hasbro, Inc. officer Timothy J. Kilpin (President, Toy, Lic & Ent) exercised stock options for 20,000 shares of common stock at $61.71 per share on July 28, 2026, then sold 20,000 shares in two transactions at $92.00 and $94.245 per share.
Rhea-AI Filing Summary
Hasbro, Inc. officer Timothy J. Kilpin (President, Toy, Lic & Ent) exercised stock options for 20,000 shares of common stock at $61.71 per share on July 28, 2026, then sold 20,000 shares in two transactions at $92.00 and $94.245 per share.
After these transactions, 14,436 options from this grant remain outstanding, expiring May 16, 2030. His reported beneficial ownership also includes 21,480 shares subject to unvested RSUs, reflecting prior corrections and additional DEUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
KILPIN TIMOTHY J.
Role
President, Toy, Lic & Ent
Sold
20,000 shs ($1.86M)
Approx. gross sale proceeds
$1.86M
Approx. exercise cost
$1.23M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2, F3 | 20,000 | $61.71 | $1.23M |
| Exercise | Common Stock (Par Value $.50 per share) F1 | 10,000 | $61.71 | $617K |
| Sale | Common Stock (Par Value $.50 per share) F1 | 10,000 | $92.00 | $920K |
| Exercise | Common Stock (Par Value $.50 per share) F1 | 10,000 | $61.71 | $617K |
| Sale | Common Stock (Par Value $.50 per share) F1 | 10,000 | $94.245 | $942K |
Holdings After Transaction:
Stock Option (Right to Buy) — 14,436 contracts (Direct);
Common Stock (Par Value $.50 per share) — 54,229 shares (Direct)
Footnotes (3)
- F1. The number of securities reported in Column 5 as beneficially owned following the transactions reported on this form reflect a correction to the reporting person's total beneficial ownership. An amendment filed on April 4, 2025 corrected the reporting person's total beneficial ownership as of that date, but that corrected total was not carried forward into the reporting person's Form 4 filings for the period between the date of the amendment and this filing. Accordingly, the amount reported in Column 5 of this form reflects the correct total beneficial ownership since the April 4, 2025 amendment, together with additional shares issued upon vesting of previously accrued DEUs. The total beneficial ownership number also includes 21,480 shares subject to currently unvested RSUs.
- F2. These options were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights.
- F3. 33 1/3% of the options became exercisable on each of May 17, 2024, May 17, 2025 and May 17, 2026.
Key Figures
Options exercised: 20,000 shares
Option exercise price: $61.71 per share
Shares sold: 20,000 shares
+4 more
7 metrics
Options exercised
20,000 shares
Stock options exercised on July 28, 2026
Option exercise price
$61.71 per share
Exercise or conversion of derivative security
Shares sold
20,000 shares
Two sale transactions on July 28, 2026
Sale price 1
$92.00 per share
Sale of 10,000 common shares
Sale price 2
$94.245 per share
Sale of 10,000 common shares
Options remaining
14,436 options
Stock options outstanding after exercise; expire May 16, 2030
Unvested RSUs included
21,480 shares
Shares subject to currently unvested RSUs in beneficial ownership
Key Terms
tandem tax withholding rights, Rule 16b-3, RSUs, DEUs
4 terms
tandem tax withholding rights regulatory
"These options were granted...and have tandem tax withholding rights."
Rule 16b-3 regulatory
"These options were granted under an employee stock option plan in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
RSUs financial
"The total beneficial ownership number also includes 21,480 shares subject to currently unvested RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
DEUs financial
"Together with additional shares issued upon vesting of previously accrued DEUs."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Timothy J. Kilpin report in Hasbro (HAS)'s latest Form 4?
Timothy J. Kilpin reported exercising 20,000 stock options at $61.71 per share and selling 20,000 common shares at $92.00 and $94.245 per share on July 28, 2026. These trades involve Hasbro common stock held directly.
What options did Kilpin exercise in the Hasbro (HAS) Form 4 filing?
He exercised employee stock options covering 20,000 shares of Hasbro common stock at an exercise price of $61.71 per share. Following this partial exercise, 14,436 options from the same grant remain outstanding, with an expiration date of May 16, 2030.
Does the Hasbro (HAS) Form 4 mention Kilpin’s remaining equity awards?
Yes. The filing notes that his total beneficial ownership includes 21,480 shares subject to currently unvested RSUs. It also states that the Column 5 ownership figure reflects corrections made in an April 4, 2025 amendment plus additional vested DEUs.
Were Kilpin’s Hasbro (HAS) options granted under a stock plan?
The options exercised were granted under an employee stock option plan in accordance with Rule 16b-3 and carry tandem tax withholding rights. One-third of the options became exercisable on each of May 17, 2024, May 17, 2025, and May 17, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
