Hasbro (HAS) grants director Lisa Gersh 783 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HASBRO, INC. director Lisa Gersh received a grant of 783 stock units as part of her director compensation. These phantom stock units were acquired under the Hasbro Deferred Compensation Plan for Non-Employee Directors in compliance with Rule 16b-3 and correspond 1-for-1 with Hasbro common stock. The units are settled only in common stock after she ceases to be a director. Of the new units, 18 vest on the earlier of 12/31/2026 or specified events such as death, disability or retirement after age 75, and another 18 vest on the earlier of 12/31/2027 or those events, while the remaining units vest immediately. Following this award, Gersh directly holds 46,031 stock units tied to Hasbro common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gersh Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 783 | $82.59 | $65K |
Holdings After Transaction:
Stock Units — 46,031 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. Vesting of 18 units will occur on the earlier of 12/31/2026 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. Vesting of 18 units will occur on the earlier of 12/31/2027 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. The remainder of the units are immediately vested.
Key Figures
Stock units granted: 783 units
Reference price per unit: $82.59 per unit
Total units after award: 46,031 units
+3 more
6 metrics
Stock units granted
783 units
Director award on 2026-06-30
Reference price per unit
$82.59 per unit
Reported transaction price per stock unit
Total units after award
46,031 units
Director’s direct holdings following transaction
First vesting tranche
18 units
Vesting on earlier of 12/31/2026 or specified events
Second vesting tranche
18 units
Vesting on earlier of 12/31/2027 or specified events
Unit-to-share ratio
1 unit : 1 share
Units correspond 1-for-1 with common stock
Key Terms
Deferred Compensation Plan for Non-Employee Directors, phantom stock units, Rule 16b-3, vesting, +1 more
5 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 in compliance with Rule 16b-3."
phantom stock units financial
"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."
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
"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."
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.
vesting financial
"Vesting of 18 units will occur on the earlier of 12/31/2026 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settled only in common stock financial
"Units are settled only in common stock and are payable after the reporting person ceases to be a director."
FAQ
What did Hasbro (HAS) director Lisa Gersh report in this Form 4?
Lisa Gersh reported receiving a grant of 783 stock units tied to Hasbro common stock as director compensation. These phantom stock units were awarded under Hasbro’s Deferred Compensation Plan for Non-Employee Directors and increase her total direct holdings to 46,031 units.
Are Lisa Gersh’s 783 Hasbro stock units an open-market purchase or sale?
The 783 stock units are a grant/award, not an open-market trade. They were acquired under Hasbro’s Deferred Compensation Plan for Non-Employee Directors, classified as a compensation-related award in compliance with Rule 16b-3, with no reported market buy or sell transaction.
How and when will Lisa Gersh’s new Hasbro stock units be settled?
The phantom stock units are settled only in common stock and become payable after Lisa Gersh ceases to be a director. This means she receives actual Hasbro common shares at that time, matching the number of units then outstanding in her deferred compensation account.
What are the vesting terms for Lisa Gersh’s new Hasbro stock units?
Of the 783 units, 18 vest on the earlier of 12/31/2026 or certain events like death, disability or qualifying retirement, another 18 vest on the earlier of 12/31/2027 or those events, and the remainder vest immediately, providing a mix of current and deferred vesting.
How do Lisa Gersh’s Hasbro stock units relate to common stock?
Each phantom stock unit corresponds 1-for-1 with Hasbro common stock. The units are an accounting claim that mirrors the value of one common share each and are ultimately settled in actual common stock when payable under the deferred compensation plan’s terms.