Form 4: Hasbro CEO Christian P. Cocks Reports Share Disposal for Tax Obligations

Christian P. Cocks, CEO of Hasbro, disposed of shares to cover tax withholding obligations related to the vesting of a restricted stock unit award.

Summary

• Christian P. Cocks, the CEO of Hasbro, filed a Form 4 with the SEC on February 27, 2025.
• The filing reports a transaction that occurred on February 25, 2025, where 3,374 shares of Hasbro common stock were disposed of.
• This disposal was to cover tax withholding obligations related to the vesting of the third tranche (33 1/3%) of a restricted stock unit award of 19,760 shares granted on February 25, 2022.
• The shares were disposed of at a price of $67.97 per share.
• Following the transaction, Cocks directly owns 200,751 shares of Hasbro common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a standard transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations through share disposal upon vesting of restricted stock units.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term outlook on the company.

Key Dates