Form 4: Hasbro EVP & CFO Gina Goetter Reports Share Withholding for Tax Obligations

Gina Goetter, EVP & CFO of Hasbro, Inc., reports the withholding of shares to cover tax obligations related to the vesting of a restricted stock unit award.

Summary

• On May 17, 2024, Gina M. Goetter, EVP & CFO of Hasbro, Inc., had 10,311 shares of common stock withheld to cover tax obligations.
• This withholding was related to the vesting of the first tranche (33 1/3%) of a restricted stock unit award of 64,820 shares granted on May 17, 2023.
• Following the transaction, Goetter directly owns 98,097 shares of Hasbro common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It's a standard practice, hence a neutral to slightly positive sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Hasbro.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and share withholding for taxes, are common among publicly traded companies.
• Companies like Mattel and Jakks Pacific also utilize similar compensation structures for their executives.
• The specific number of shares and vesting schedules vary based on company performance, individual contributions, and overall compensation strategy.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine part of executive compensation.
• Employees may view this as a standard practice for executives receiving stock-based compensation.

Key Dates