Form 4: Hasbro CEO Christian Cocks Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Christian Cocks, CEO of Hasbro, reports share withholding to cover tax obligations related to the vesting of restricted stock units.
Summary
- On February 24, 2025, Christian P. Cocks, the CEO of Hasbro, Inc., reported a transaction involving the withholding of 6,968 shares of common stock to cover tax obligations.
- The shares were withheld at a price of $66.48 per share.
- This transaction is related to the vesting of the second tranche (33 1/3%) of a restricted stock unit award of 47,060 shares granted on February 24, 2023.
- Following the transaction, Cocks directly owns 204,125 shares of Hasbro common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of previously granted equity compensation and the associated tax obligations.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time.
- Share withholding for tax obligations is a common practice among publicly traded companies to simplify the tax process for executives.
- The amount of shares withheld is dependent on the executive's tax bracket and the value of the shares vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of grant for the restricted stock unit award of 47,060 shares. |
| 02/24/2025 | Date of the share withholding transaction for tax obligations. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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