Form 4: Hasbro Director Richard S. Stoddart Acquires Phantom Stock Units

Richard S. Stoddart, a director at Hasbro, Inc., acquired 199 phantom stock units on December 31, 2024, under the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• Richard S. Stoddart, a director and Chair of the Board at Hasbro, Inc., acquired 199 phantom stock units on December 31, 2024.
• These units were acquired under the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors.
• The phantom stock units correspond 1 for 1 with common stock.
• The units are settled in stock and will be issued after Mr. Stoddart ceases to be a director.
• The price of the underlying common stock at the time of acquisition was $55.91 per share.
• Following this transaction, Mr. Stoddart directly owns 16,147 shares of Hasbro common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with company performance. There is no indication of any negative or unusual activity.

Positives

• The acquisition of phantom stock units by a director demonstrates alignment with the company's long-term performance.
• The use of a deferred compensation plan can be seen as a positive for long-term commitment from the director.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies. It does not indicate any unusual activity or trend within the toy and entertainment industry.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock unit grants are common practices for compensating non-employee directors in publicly traded companies.
• Companies like Mattel and Jakks Pacific also use similar compensation methods for their board members.
• The specific terms of these plans can vary, but the general structure of deferred stock awards is consistent across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Hasbro, phantom stock units, director, Richard S. Stoddart, deferred compensation, insider trading, Form 4