Form 4: Hasbro Director Lisa Gersh Acquires Phantom Stock Units

Hasbro director Lisa Gersh acquired 1,199 phantom stock units on December 31, 2024, under the company's deferred compensation plan.

Summary

• Lisa Gersh, a director at Hasbro, Inc., acquired 1,199 phantom stock units on December 31, 2024.
• These units were acquired through the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock units correspond 1-for-1 with Hasbro's common stock.
• The units are settled in stock after the reporting person ceases to be a director.
• 31 of the units will vest on the earlier of December 31, 2025, or upon the director's death, disability, or retirement after age 72, provided she is still a director on that date.
• The remaining units are immediately vested.
• Following this transaction, Lisa Gersh beneficially owns 40,958 shares of Hasbro common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of phantom stock units is a positive sign of alignment between the director and shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The deferred compensation plan is a common practice for non-employee directors.
• The vesting schedule provides an incentive for continued service on the board.

Industry Context

This is a standard transaction for a non-employee director's compensation package, aligning their interests with the company's performance and shareholder value.

Comparison to Industry Standards

• Deferred compensation plans, including phantom stock units, are a common practice for compensating non-employee directors across various industries.
• Companies like Mattel, a direct competitor of Hasbro, also utilize similar compensation structures for their board members.
• The vesting schedule of the phantom stock units is typical, with a portion vesting over time to incentivize continued service.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

phantom stock units, director compensation, Hasbro, insider trading, Form 4, deferred compensation, stock ownership