Form 4: Hasbro CEO Christian Cocks Disposes of Shares to Cover Tax Obligations

Hasbro CEO Christian Cocks disposed of 15,879 shares of common stock on March 7, 2025, to cover tax withholding obligations related to the vesting of a restricted stock unit award.

Summary

• On March 7, 2025, Christian P Cocks, CEO of Hasbro, Inc., disposed of 15,879 shares of common stock.
• The transaction was executed to cover tax withholding obligations associated with the vesting of the first tranche (33 1/3%) of a restricted stock unit award of 101,705 shares granted on March 7, 2024.
• The shares were disposed of at a price of $64.01 per share.
• Following the transaction, Cocks directly owns 184,872 shares of Hasbro common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a factual event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common practice where executives sell shares to cover tax obligations arising from the vesting of stock awards.

Comparison to Industry Standards

• Executives at comparable companies like Mattel and Jakks Pacific also routinely file Form 4s related to stock option exercises and vesting of restricted stock units.
• The practice of selling shares to cover tax obligations is standard across the industry.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates