Form 4: Hasbro Executive Earns Performance Shares
Insider Transaction Report
Hasbro's President of Toy, Licensing & Entertainment, Timothy J. Kilpin, acquired 14,152 shares through a performance award and disposed of 4,963 shares for tax withholding.
Summary
- Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, Inc., acquired 14,152 shares of common stock on February 20, 2026, as part of a performance share award.
- The performance share award, granted on May 17, 2023, was contingent upon Hasbro's achievement of specific financial goals over a three-year period.
- Following the acquisition, Kilpin directly owned 50,680 shares of common stock.
- On the same date, Kilpin disposed of 4,963 shares of common stock at a price of $101.19 per share to cover tax withholding obligations related to the earned performance award.
- After the tax-related disposition, Kilpin's direct beneficial ownership stands at 45,717 shares of common stock.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a positive signal, as the vesting of performance shares indicates the company met its financial goals, aligning executive incentives with shareholder value. The subsequent tax withholding is a standard procedure.
Positives
- Timothy J. Kilpin earned 14,152 shares under a performance share award, indicating Hasbro's achievement of certain stated financial goals over a three-year performance period.
Negatives
- 4,963 shares were disposed of to cover tax withholding, resulting in a reduction of direct beneficial ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that the vesting of performance-based equity awards is a common practice in the consumer discretionary and toy industry, aligning executive incentives with long-term company performance. This type of transaction is a routine part of executive compensation packages.
Stakeholder Impact
- Shareholders: The vesting of performance shares suggests that the company has met its financial targets, which is generally positive for shareholder value. The executive's continued ownership aligns their interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date when the performance share award was granted to Timothy J. Kilpin. |
| 02/20/2026 | Date of acquisition of performance shares and disposition for tax withholding. |
| 02/24/2026 | Date the Form 4 was signed by Matthew Gilman, P/O/A for Timothy J. Kilpin. |
Keywords
Hasbro, HAS, Timothy Kilpin, Form 4, Insider Transaction, Performance Shares, Executive Compensation, Stock Award, Share Withholding
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