Form 4: Hasbro Director Lisa Gersh Reports Acquisition of Phantom Stock Units

Lisa Gersh, a director at Hasbro, acquired 1,122 phantom stock units on June 30, 2024, according to a Form 4 filing.

Summary

• Lisa Gersh, a director of Hasbro, Inc., filed a Form 4 on July 2, 2024, reporting a transaction that occurred on June 30, 2024.
• The transaction involved the acquisition of 1,122 phantom stock units at a price of $58.50 per unit.
• These units were acquired pursuant to the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors.
• The reporting person now beneficially owns 38,841 shares of common stock.
• The phantom stock units correspond 1 for 1 with common stock and are settled only in cash after the director ceases to be a director.
• Vesting of 30 units will occur on the earlier of 12/31/2024 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 72) of the reporting person.
• Vesting of 30 units will occur on the earlier of 12/31/2025 (provided the reporting person is still a director as of such date) and the death, disability or retirement (after age 72) of the reporting person.
• The remainder of the units are immediately vested.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's participation in a deferred compensation plan, which can be seen as a positive sign of alignment with the company's long-term interests.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of phantom stock units by a director could have a slightly positive impact on shareholder confidence.

Key Dates