Hasbro CEO reports tax share withholding
Hasbro, Inc. Chief Executive Officer Christian P. Cocks reported a tax-withholding disposition of 16,621 shares of common stock at $93.51 per share on RSU vesting.
Rhea-AI Filing Summary
Hasbro, Inc. Chief Executive Officer Christian P. Cocks reported a tax-withholding disposition of 16,621 shares of common stock at $93.51 per share on RSU vesting.
The shares were withheld to cover taxes on the second 33 1/3% tranche of a 101,705-share RSU grant from March 7, 2024, and he now holds 287,082 shares, including 393 RSU dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 16,621 shares
Exercise Price or Tax Liability
1 txn
Insider
Cocks Christian P
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock (Par Value $.50 per share) | 16,621 | $93.51 | $1.55M |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 287,082 shares (Direct)
Footnotes (2)
- F1. This represents payment of tax withholding using share withholding in connection with the vesting of the second tranche (33 1/3%) of a restricted stock unit award of 101,705 shares granted March 7, 2024.
- F2. Total adjusted for 393 accrued dividend equivalents payable upon vesting of RSUs. Each RSU dividend equivalent converts into one share of Hasbro Common Stock upon vesting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HAS CEO Christian Cocks report on this Form 4?
Christian Cocks reported a tax-withholding share disposition. Hasbro’s CEO had 16,621 common shares withheld at $93.51 each to cover taxes due on the vesting of a restricted stock unit award, rather than selling shares in the open market.
What RSU vesting event triggered the HAS CEO’s tax-withholding disposition?
The transaction was tied to an RSU vesting event. It reflects tax withholding on the second tranche, equal to 33 1/3%, of a 101,705-share restricted stock unit award originally granted on March 7, 2024, rather than a discretionary stock sale.
Does this HAS Form 4 indicate an open-market stock sale by the CEO?
No, it does not reflect an open-market sale. The Form 4 shows a tax-withholding disposition, where 16,621 shares were retained by the issuer to satisfy tax obligations on RSU vesting, a routine compensation-related event.
AI-generated analysis. How Rhea-AI works. Not financial advice.