Hasbro (HAS) director Lisa Gersh granted 686 deferred stock units

Rhea-AI Filing Summary

Gersh Lisa reported acquisition or exercise transactions in this Form 4 filing.

HASBRO, INC. director Lisa Gersh received a grant of 686 stock units on the company’s common stock as director compensation. The units, valued at $93.60 per unit for reporting purposes, were issued under the Hasbro Deferred Compensation Plan for Non-Employee Directors in compliance with Rule 16b-3.

All units are settled only in common stock after she ceases to be a director. Sixteen units vest on the earlier of December 31, 2026 or certain separation events, another 16 units vest on the earlier of December 31, 2027 or those events, and the remaining units vested immediately. Following this award, Gersh directly holds 45,248 stock units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gersh Lisa

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	686	$93.60	$64K

Holdings After Transaction: Stock Units — 45,248 shares (Direct)

Footnotes (1)

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. Units correspond 1 for 1 with common stock. Units are settled only in common stock and are payable after the reporting person ceases to be a director. Vesting of 16 units will occur on the earlier of 12/31/2026 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. Vesting of 16 units will occur on the earlier of 12/31/2027 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. The remainder of the units are immediately vested.

Key Figures

Stock units granted: 686 stock units Reference price per unit: $93.60 per unit Total units after grant: 45,248 stock units +2 more

5 metrics

Stock units granted 686 stock units Director compensation grant on March 31, 2026

Reference price per unit $93.60 per unit Reported value for 686 stock units

Total units after grant 45,248 stock units Direct holdings following the award

Vesting 2026 tranche 16 units Vesting on earlier of December 31, 2026 or specified events

Vesting 2027 tranche 16 units Vesting on earlier of December 31, 2027 or specified events

Key Terms

Deferred Compensation Plan for Non-Employee Directors, Rule 16b-3, Stock Units, vesting

4 terms

Deferred Compensation Plan for Non-Employee Directors financial

"All of the stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors"

Rule 16b-3 regulatory

"acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors in compliance with Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

Stock Units financial

"All of the stock units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

vesting financial

"Vesting of 16 units will occur on the earlier of 12/31/2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gersh Lisa

(Last) (First) (Middle)

C/O HASBRO, INC.

1027 NEWPORT AVENUE

(Street)

PAWTUCKET RHODE ISLAND 02861

(City) (State) (Zip)

UNITED STATES

(Country)

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)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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)	03/31/2026		A		686		(3)(4)	(3)(4)	Common Stock	686	$93.6	45,248	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.

4. Vesting of 16 units will occur on the earlier of 12/31/2026 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. Vesting of 16 units will occur on the earlier of 12/31/2027 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 75) of the reporting person. The remainder of the units are immediately vested.

Remarks:

	Matthew Gilman, P/O/A for Lisa Gersh	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Hasbro (HAS) director Lisa Gersh report?

Lisa Gersh reported receiving a grant of 686 stock units tied to Hasbro common stock as part of director compensation. These units were issued under Hasbro’s Deferred Compensation Plan for Non-Employee Directors and are settled only in common stock after she stops serving as a director.

How are Lisa Gersh’s Hasbro (HAS) stock units valued in this transaction?

The 686 stock units granted to Lisa Gersh were reported at $93.60 per unit. This value is used for disclosure and accounting of the award and reflects the reference price per unit on the grant date for her deferred director compensation.

When do Lisa Gersh’s new Hasbro (HAS) stock units vest?

Of the 686 stock units, 16 vest on the earlier of December 31, 2026 or specified separation events, and another 16 vest on the earlier of December 31, 2027 or such events. The remaining units vest immediately, subject to terms of Hasbro’s deferred compensation plan.

What happens when Lisa Gersh leaves the Hasbro (HAS) board?

All of Lisa Gersh’s stock units are settled only in Hasbro common stock once she ceases to be a director. This means the deferred units convert into shares after her board service ends, aligning her compensation with long-term shareholder value during her tenure.

How many Hasbro (HAS) stock units does Lisa Gersh hold after this award?

After receiving the 686 stock units, Lisa Gersh directly holds a total of 45,248 stock units. This figure reflects her cumulative deferred stock-based director compensation, which will ultimately be settled in Hasbro common shares after she leaves the board.