Hasbro (HAS) EVP reports performance share grant and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hasbro EVP, CLO and Corporate Secretary Tarrant L. Sibley reported equity compensation activity involving company common stock. On February 20, 2026, Sibley acquired 20,489 shares of Hasbro common stock at $0 per share as shares earned under a performance share award granted March 9, 2023, which depended on meeting stated financial goals over a three-year period. On the same date, 8,220 shares were disposed of at $101.19 per share to cover tax withholding through share withholding related to that earned award, not an open-market sale. After these transactions, Sibley directly owned 62,442.97 shares of Hasbro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sibley Tarrant L.
Role
EVP, CLO and Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Par Value $.50 per share) | 20,489 | $0.00 | -- |
| Tax Withholding | Common Stock (Par Value $.50 per share) | 8,220 | $101.19 | $832K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 70,662.97 shares (Direct)
Footnotes (1)
- Shares earned under a performance share award granted March 9, 2023, which was contingent upon Hasbro's achievement of certain stated financial goals over a three year performance period. This represents payment of tax withholding using share withholding in connection with the above earned performance share award.
FAQ
What insider transactions did HAS executive Tarrant L. Sibley report on February 20, 2026?
Tarrant L. Sibley reported acquiring 20,489 shares of Hasbro common stock as earned performance shares and disposing of 8,220 shares to cover tax withholding. Both transactions involved equity compensation rather than open-market buying or selling.
Does this HAS Form 4 indicate a net buy or sell by Tarrant L. Sibley?
The Form 4 shows both acquisition and disposition, resulting in neutral net buy-sell activity. Shares were granted as performance-based compensation, while a portion was withheld to satisfy tax obligations rather than sold into the market.