Form 4: Hasbro Director Richard S. Stoddart Reports Acquisition of Phantom Stock Units

Richard S. Stoddart, Chair of the Board at Hasbro, reports acquiring 191 phantom stock units on March 31, 2024, according to a Form 4 filing.

Summary

• Richard S. Stoddart, Chair of the Board at Hasbro, filed a Form 4 with the SEC.
• The filing reports the acquisition of 191 phantom stock units on March 31, 2024, at a price of $56.52 per unit.
• These units were acquired through the Hasbro, Inc. Deferred Compensation Plan for Non-Employee Directors.
• Stoddart now beneficially owns 15,608 phantom stock units.
• The phantom stock units correspond 1 for 1 with Hasbro common stock and are settled only in stock after the reporting person ceases to be a director.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of a transaction under a compensation plan.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The Deferred Compensation Plan allows for tax-deferred accumulation of wealth.

Future Outlook

The phantom stock units will be settled in stock after the reporting person ceases to be a director.

Industry Context

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

Stakeholder Impact

• Provides transparency to shareholders regarding director compensation and stock ownership.

Key Dates