Hasbro (HAS) CEO Cocks uses 8,030 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HASBRO, INC. Chief Executive Officer Christian P. Cocks reported a tax-related share disposition. On February 24, he used 8,030 shares of common stock, valued at $99.64 per share, to cover tax withholding arising from the vesting of the third 33 1/3% tranche of a 47,060-share restricted stock unit award granted on February 24, 2023. After this withholding, he directly owns 250,967 shares of Hasbro common stock, with the total adjusted for shares acquired through dividend equivalent units tied to his restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cocks Christian P
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock (Par Value $.50 per share) | 8,030 | $99.64 | $800K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 250,967 shares (Direct)
Footnotes (1)
- 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 47,060 shares granted February 24, 2023. Total amount has been adjusted to reflect shares acquired upon vesting of dividend equivalent units on restricted stock units granted to the terms of the restricted stock unit awards.
FAQ
What did HAS (Hasbro) CEO Christian P. Cocks report in this Form 4?
Christian P. Cocks reported a tax-withholding disposition of shares. He used 8,030 Hasbro common shares to satisfy tax obligations tied to restricted stock units that vested on February 24, 2026, rather than executing an open-market sale.
What equity award triggered the Hasbro (HAS) CEO’s tax-withholding disposition?
The disposition was triggered by vesting of the third 33 1/3% tranche of a 47,060-share restricted stock unit award. That award was granted on February 24, 2023, and is also associated with dividend equivalent units that increase the total share amount.