Hasbro (HAS) CEO exercises stock options and sells over 190,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hasbro, Inc. CEO Christian P. Cocks exercised employee stock options and sold shares on the same day. He exercised options for 196,411 shares at an exercise price of $0, receiving an equal number of common shares at a transaction price of $55.7800 per share. He then sold 191,211 shares of common stock at a weighted average price of $100.3165 and an additional 5,200 shares at a weighted average price of $100.8497, in multiple transactions within the disclosed price ranges. After these trades, he directly owned 303,310 shares of Hasbro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 196,411 shares ($19,706,037)
Net Sell
4 txns
Insider
Cocks Christian P
Role
Chief Executive Officer
Sold
196,411 shs ($19.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (Right to Buy) | 196,411 | $0.00 | -- |
| Exercise | Common Stock (Par Value $.50 per share) | 196,411 | $55.78 | $10.96M |
| Sale | Common Stock (Par Value $.50 per share) | 191,211 | $100.3165 | $19.18M |
| Sale | Common Stock (Par Value $.50 per share) | 5,200 | $100.8497 | $524K |
Holdings After Transaction:
Option (Right to Buy) — 0 shares (Direct);
Common Stock (Par Value $.50 per share) — 499,721 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $99.6950 to $100.69, inclusive. The reporting person undertakes to provide to Hasbro, Inc., any security holder of Hasbro, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $100.6966 to $101.0265, inclusive. The reporting person undertakes to provide to Hasbro, Inc., any security holder of Hasbro, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2). These options were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights. 33 1/3% of the options became exercisable each on February 23, 2024, February 23, 2025, and February 23, 2026.
FAQ
What insider transactions did Hasbro (HAS) CEO Christian Cocks report?
Christian Cocks reported exercising options for 196,411 shares and then selling Hasbro common stock in two blocks. He sold 191,211 shares at a weighted average price of $100.3165 and 5,200 shares at $100.8497, leaving 303,310 shares directly owned.
What stock option exercise did the Hasbro (HAS) CEO complete?
Christian Cocks exercised options for 196,411 Hasbro shares classified as an “Option (Right to Buy).” The corresponding common stock transaction shows 196,411 shares acquired at a transaction price of $55.7800 per share, following vesting in three equal annual installments.
Were the Hasbro (HAS) CEO’s option grants part of an employee plan?
Yes. The options exercised were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights. One-third became exercisable on each of February 23, 2024, 2025, and 2026, according to the footnote disclosure.
How were the Hasbro (HAS) CEO’s sale prices calculated on this Form 4?
The reported sale prices are weighted averages. For the larger block, trades occurred between $99.6950 and $100.69; for the smaller block, between $100.6966 and $101.0265. The CEO has undertaken to provide full breakdowns of shares sold at each price upon request.