Form 4: Hasbro CEO Christian P. Cocks Reports Share Withholding for Tax Obligations
SEC Filing
Christian P. Cocks, CEO of Hasbro, reports share withholding transactions to cover tax obligations related to vesting restricted stock units.
Summary
- Christian P. Cocks, the CEO of Hasbro, filed a Form 4 with the SEC detailing changes in his beneficial ownership of Hasbro stock.
- The transactions involve the withholding of shares to cover tax obligations related to the vesting of restricted stock units.
- On February 24, 2024, 5,250 shares were withheld at a price of $50.11 per share to cover taxes related to the vesting of a restricted stock unit award of 47,060 shares granted on February 24, 2023.
- On February 25, 2024, 3,270 shares were withheld at a price of $50.11 per share to cover taxes related to the vesting of a restricted stock unit award of 19,760 shares granted on February 25, 2022.
- Following these transactions, Cocks directly owns 106,863 shares of Hasbro common stock.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports routine transactions related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related share withholding, a common practice among executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent standard tax withholding procedures.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of grant for a restricted stock unit award of 19,760 shares. |
| 02/24/2023 | Date of grant for a restricted stock unit award of 47,060 shares. |
| 02/24/2024 | Share withholding of 5,250 shares for tax obligations. |
| 02/25/2024 | Share withholding of 3,270 shares for tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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