Hasbro (NASDAQ: HAS) CMO withholds shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hasbro, Inc. Chief Marketing Officer Jason M. Bunge reported routine tax-withholding dispositions tied to restricted stock unit (RSU) vesting. On two dates, a total of 2,506 shares of common stock were withheld at $95.13 per share to cover tax obligations, not open-market sales.
One transaction on May 15, 2026 withheld 1,037 shares related to vesting of the first 33 1/3% tranche of an RSU award granted on May 15, 2025, with 48 dividend equivalents converting into additional shares. A second on May 17, 2026 withheld 1,469 shares for the third 33 1/3% tranche of a 9,723-share RSU award granted on May 17, 2023, including 218 dividend equivalents. After these transactions, Bunge directly holds 41,282 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bunge Jason M
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock (Par Value $.50 per share) | 1,469 | $95.13 | $140K |
| Tax Withholding | Common Stock (Par Value $.50 per share) | 1,037 | $95.13 | $99K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 41,282 shares (Direct, null)
Footnotes (1)
- This represents payment of tax withholding using share withholding in connection with the vesting of the first tranche (33 1/3%) of a restricted stock unit award granted May 15, 2025. Total adjusted for 48 accrued dividend equivalents payable upon vesting of RSUs. Each dividend equivalent converted into one share of Hasbro Common Stock upon vesting. This represents payment of tax withholding using share withholding in connection with the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 9,723 shares granted May 17, 2023. Total adjusted for 218 accrued dividend equivalents payable upon vesting of RSUs. Each dividend equivalent converted into one share of Hasbro Common Stock upon vesting.
Key Figures
Tax-withholding shares (1st transaction): 1,037 shares
Tax-withholding shares (2nd transaction): 1,469 shares
Total tax-withholding shares: 2,506 shares
+5 more
8 metrics
Tax-withholding shares (1st transaction)
1,037 shares
Common stock withheld on May 15, 2026 at $95.13 per share
Tax-withholding shares (2nd transaction)
1,469 shares
Common stock withheld on May 17, 2026 at $95.13 per share
Total tax-withholding shares
2,506 shares
Aggregate RSU-related tax withholding across both transactions
Withholding price
$95.13 per share
Price applied to both tax-withholding dispositions
Shares held after transactions
41,282 shares
Direct Hasbro common stock holdings following latest disposition
RSU award size
9,723 shares
Restricted stock unit award granted May 17, 2023
Dividend equivalents (first RSU)
48 equivalents
Converted into one share each upon RSU vesting
Dividend equivalents (second RSU)
218 equivalents
Converted into one share each upon RSU vesting
Key Terms
restricted stock unit, dividend equivalents, tranche, tax withholding
4 terms
restricted stock unit financial
"in connection with the vesting of the first tranche (33 1/3%) of a restricted stock unit award granted May 15, 2025"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalents financial
"Total adjusted for 48 accrued dividend equivalents payable upon vesting of RSUs"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
tranche financial
"in connection with the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 9,723 shares"
A tranche is one slice of a larger financing or investment that is released, sold, or paid out in separate parts rather than all at once. Investors care because each slice can carry different risk, return and timing—like buying pieces of a cake where some slices are richer or come later—so the specific tranche you hold affects when you get paid and how much you might gain or lose.
tax withholding financial
"This represents payment of tax withholding using share withholding in connection with the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What insider transactions did Hasbro (HAS) report for Jason M. Bunge?
Hasbro reported that Chief Marketing Officer Jason M. Bunge had shares withheld to cover tax obligations from RSU vesting. Two Form 4 entries show 2,506 common shares disposed as tax-withholding, rather than open-market purchases or sales, in connection with scheduled restricted stock unit vesting.
Were Jason Bunge’s Hasbro (HAS) transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. Shares were withheld by Hasbro to pay taxes due when RSU awards vested. This is a routine, compensation-related mechanism and does not represent discretionary buying or selling in the market by the executive.
Which RSU awards triggered Jason Bunge’s Hasbro (HAS) tax withholdings?
The tax withholdings were tied to two RSU awards. One was the first 33 1/3% tranche of an RSU grant dated May 15, 2025. The other was the third 33 1/3% tranche of a 9,723-share RSU award originally granted on May 17, 2023.
What are dividend equivalents mentioned in the Hasbro (HAS) Form 4 footnotes?
Dividend equivalents are credits mirroring dividends on unvested RSUs that convert into shares when RSUs vest. The filing notes 48 dividend equivalents and 218 dividend equivalents, each converting into one Hasbro common share upon vesting, increasing the number of shares delivered to the executive.