Hasbro exec awarded 14,152 shares, 4,963 withheld
Rhea-AI Filing Summary
HASBRO, INC. President, Toy, Licensing & Entertainment Timothy J. Kilpin reported two stock transactions. He acquired 14,152 shares of common stock at $0.00 per share as shares earned under a performance share award granted on May 17, 2023, based on Hasbro’s achievement of stated financial goals over a three-year period. To cover tax withholding on this earned award, 4,963 shares were disposed of at $101.19 per share through share withholding rather than an open-market sale. After these transactions, he directly owns 45,717 shares of Hasbro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KILPIN TIMOTHY J.
Role
President, Toy, Lic & Ent
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Par Value $.50 per share) | 14,152 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock (Par Value $.50 per share) | 4,963 | $101.19 | $502K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 45,717 shares (Direct)
Footnotes (2)
- F1. Shares earned under a performance share award granted May 17, 2023, which was contingent upon Hasbro's achievement of certain stated financial goals over a three year performance period.
- F2. This represents payment of tax withholding using share withholding in connection with the above earned performance share award.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HAS executive Timothy J. Kilpin report on this Form 4?
Timothy J. Kilpin reported receiving a stock award and a related tax withholding. He acquired 14,152 shares of Hasbro common stock at no cost, then 4,963 shares were withheld and disposed of at $101.19 per share to satisfy tax obligations on the award.
What do the Form 4 transaction codes A and F mean in this Hasbro (HAS) filing?
Code A indicates a grant, award, or other acquisition of shares, in this case the 14,152-share performance award. Code F indicates shares disposed of to pay tax withholding or exercise costs, here the 4,963 shares withheld at $101.19 to satisfy tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.