Hasbro executive withholds 5,939 shares for taxes
Hasbro executive Timothy J. Kilpin reported a tax-withholding disposition of 5,939 shares of common stock at $95.13 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Hasbro executive Timothy J. Kilpin reported a tax-withholding disposition of 5,939 shares of common stock at $95.13 per share. The shares were withheld to cover taxes on the vesting of the third 33 1/3% tranche of restricted stock units granted on May 17, 2023. After this withholding and including 889 shares from dividend equivalents, he directly holds 33,452 shares.
Insider Trade Summary
Exercise Price or Tax Liability: 5,939 shares
Exercise Price or Tax Liability
1 txn
Insider
KILPIN TIMOTHY J.
Role
President, Toy, Lic & Ent
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock (Par Value $.50 per share) | 5,939 | $95.13 | $565K |
Holdings After Transaction:
Common Stock (Par Value $.50 per share) — 33,452 shares (Direct)
Footnotes (2)
- F1. This represents payment of tax withholding using share withholding in connection with the vesting of the third tranche (33 1/3%) of restricted stock unit awards granted May 17, 2023.
- F2. Total adjusted for 889 accrued dividend equivalents payable upon vesting of RSUs. Each dividend equivalent converted into one share of Hasbro Common Stock upon vesting.
Key Figures
Shares withheld for taxes: 5,939 shares
Tax-withholding price: $95.13 per share
Shares held after transaction: 33,452 shares
+3 more
6 metrics
Shares withheld for taxes
5,939 shares
Tax-withholding disposition on RSU vesting
Tax-withholding price
$95.13 per share
Valuation price for withheld shares
Shares held after transaction
33,452 shares
Direct holdings after withholding, including dividend equivalents
Dividend equivalent shares
889 shares
Accrued dividend equivalents converted at RSU vesting
RSU tranche vested
33 1/3%
Third tranche of RSU awards vested
RSU grant date
May 17, 2023
Original grant date of restricted stock unit awards
Key Terms
restricted stock unit, tax withholding, share withholding, dividend equivalents, +1 more
5 terms
restricted stock unit financial
"vesting of the third tranche (33 1/3%) of restricted stock unit awards granted May 17, 2023"
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.
tax withholding financial
"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.
dividend equivalents financial
"Total adjusted for 889 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hasbro (HAS) executive Timothy Kilpin report?
Timothy J. Kilpin reported a tax-withholding disposition of 5,939 Hasbro shares. The company withheld these shares to pay taxes due upon vesting of restricted stock units, rather than selling them in the open market.
Was Timothy Kilpin’s Hasbro Form 4 transaction a sale in the market?
The transaction was not an open-market sale. Shares were withheld by Hasbro to satisfy tax obligations related to vesting restricted stock units, a common administrative mechanism that does not reflect a discretionary buy or sell decision.
What is the origin of the restricted stock units in Timothy Kilpin’s Hasbro filing?
The restricted stock units vesting in this transaction come from awards granted on May 17, 2023. The current event reflects vesting of the third 33 1/3% tranche of those RSUs, triggering associated tax withholding in shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
