Hasbro (NASDAQ: HAS) awards 14,152 shares to executive, withholds 4,963
Filing Impact
Filing Sentiment
Form Type
4
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 | -- |
| Tax Withholding | Common Stock (Par Value $.50 per share) | 4,963 | $101.19 | $502K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 50,680 shares (Direct)
Footnotes (1)
- 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. 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 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.