[Form 4] HASBRO, INC. Insider Trading Activity

Rhea-AI Filing Summary

Richard S. Stoddart, Chair of the Board at Hasbro, Inc. (HAS), reported a non-derivative acquisition of 152 stock units under the company's Deferred Compensation Plan for Non-Employee Directors on 09/30/2025. The units convert one-for-one into common stock and are payable only after Mr. Stoddart ceases to be a director. The filing shows a reported per-unit price of $75.85 and indicates that, following this transaction, Mr. Stoddart beneficially owns 16,638 shares of Hasbro common stock as a direct owner. The Form 4 was filed by a power of attorney on behalf of Mr. Stoddart and includes the plan-based nature of the award.

Positive

• Grant aligns director and shareholder interests through deferred stock units payable in common stock after service
• Transaction is plan-based and routine, indicating adherence to established compensation governance
• Filing increases transparency by specifying units, conversion ratio, settlement condition, and resulting beneficial ownership (16,638 shares)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received deferred stock units under the non-employee director plan; units vest/settle post-service and increase reported direct ownership modestly.

The filing documents a routine deferred-compensation grant to a non-employee director, consistent with common governance practices to align director incentives with shareholder interests. The units are settled solely in common stock and are payable only after the director leaves the board, which preserves long-term alignment rather than creating immediate liquidity. This transaction is plan-driven, not an open-market purchase, and increases disclosed direct beneficial ownership to 16,638 shares. There is no indication of accelerated vesting, option exercise, or derivative instruments beyond stock units.

Securities Analyst

TL;DR: Routine disclosure of director deferred equity; modest share increase and clear settlement terms reduce ambiguity for investors.

The Form 4 shows 152 stock units granted under the Hasbro Deferred Compensation Plan for Non-Employee Directors, recorded at a unit price of $75.85 and converting one-for-one to common shares upon settlement. As the units are payable only after cessation of directorship, they represent deferred compensation rather than immediate share issuance, and the filing was timely and executed via power of attorney. The disclosure clarifies the nature and timing of potential future share delivery but does not present material operational or financial changes for the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stoddart Richard S

(Last) (First) (Middle)

C/O HASBRO, INC.

1027 NEWPORT AVENUE

(Street)

PAWTUCKET RI 02861

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HASBRO, INC. [ HAS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chair of the Board

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units(1)	$0(2)	09/30/2025		A		152		(3)	(3)	Common Stock	152	$75.85	16,638	D

Explanation of Responses:

1. All of the stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors in compliance with Rule 16b-3.

2. Units correspond 1 for 1 with common stock.

3. Units are settled only in common stock and are payable after the reporting person ceases to be a director.

Remarks:

	Matthew Gilman, P/O/A for Richard S. Stoddart	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Richard S. Stoddart report on Form 4 for HAS?

He reported acquisition of 152 stock units under Hasbro's Deferred Compensation Plan for Non-Employee Directors on 09/30/2025.

How many Hasbro shares does Richard S. Stoddart beneficially own after this filing?

The Form 4 reports 16,638 shares beneficially owned following the reported transaction.

When do the 152 stock units convert to common stock?

The units convert one-for-one into common stock and are payable only after the reporting person ceases to be a director.

What price is shown for the stock units in the Form 4?

The filing lists a per-unit price of $75.85 for the stock units.

Under what plan were the stock units granted?

The units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors.