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 March 23, 2024, Christian P Cocks, the CEO of Hasbro, Inc., had 419 shares of common stock withheld to cover tax obligations.
- This was related to the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 2,773 shares granted on March 23, 2021.
- Following the transaction, Cocks beneficially owns 205,801 shares of Hasbro common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and the associated tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/23/2021 | Date of grant for the restricted stock unit award of 2,773 shares. |
| 03/23/2024 | Date of transaction: share withholding for tax obligations related to vesting of restricted stock units. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
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