Hasbro (HAS) CEO uses 16,621 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Cocks Christian P
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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 (1)
- 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. 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
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.