Hasbro (HAS) board chair receives grant of 144 stock units in plan award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stoddart Richard S reported acquisition or exercise transactions in this Form 4 filing.
Hasbro, Inc. director and Chair of the Board Richard S. Stoddart received a grant of 144 stock units as a compensation award. The units were issued under Hasbro’s Deferred Compensation Plan for Non-Employee Directors and correspond 1-for-1 to common stock, settling in shares after he ceases to be a director. Following this grant, he holds 17,049 stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stoddart Richard S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 144 | $82.59 | $12K |
Holdings After Transaction:
Stock Units — 17,049 shares (Direct, null)
Footnotes (1)
- All of the phantom stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors in compliance with Rule 16b-3. Units correspond 1 for 1 with common stock. Units are settled only in common stock and are payable after the reporting person ceases to be a director.
Key Figures
Stock units granted: 144 units
Grant reference price: $82.59 per unit
Units after transaction: 17,049 units
+1 more
4 metrics
Stock units granted
144 units
Grant to Richard S. Stoddart on June 30, 2026
Grant reference price
$82.59 per unit
Price per stock unit in the reported grant
Units after transaction
17,049 units
Total stock units directly held after grant
Conversion ratio
1 unit : 1 common share
Units correspond 1-for-1 with Hasbro common stock
Key Terms
Deferred Compensation Plan for Non-Employee Directors, phantom stock units, Rule 16b-3
3 terms
Deferred Compensation Plan for Non-Employee Directors financial
"All of the phantom stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors"
phantom stock units financial
"All of the phantom stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Rule 16b-3 regulatory
"acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors in compliance 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.
FAQ
What did Hasbro (HAS) director Richard Stoddart report in this Form 4?
Richard S. Stoddart reported receiving 144 stock units as a compensation award. These units were granted under Hasbro’s Deferred Compensation Plan for Non-Employee Directors and increase his direct holdings to 17,049 stock units.
Is the Hasbro (HAS) Form 4 transaction a stock purchase or a grant?
The transaction is a grant, not an open-market purchase. Stoddart received 144 stock units as a compensation award under Hasbro’s Deferred Compensation Plan for Non-Employee Directors, classified as a grant or other acquisition under code A.
How many Hasbro stock units does Richard Stoddart hold after this Form 4?
After this Form 4 transaction, Richard Stoddart holds 17,049 stock units directly. This total reflects the addition of 144 granted units that correspond 1-for-1 with Hasbro common stock and will be settled in shares in the future.
What are the terms of the Hasbro (HAS) stock units granted to Richard Stoddart?
The 144 stock units correspond 1-for-1 with Hasbro common stock and are settled only in common shares. They are payable after Richard Stoddart ceases to be a director, under the company’s Deferred Compensation Plan for Non-Employee Directors.
Does Richard Stoddart’s Hasbro Form 4 involve any stock sales?
No, the Form 4 does not report any stock sales. It records only the grant of 144 stock units as compensation, with no corresponding sale, tax withholding, or gift transactions disclosed in this filing.