Form 4: Hasbro Executive Matthew Austin Reports Share Disposals for Tax Obligations
SEC Filing (Form 4)
EVP & Chief Revenue Officer of Hasbro, Matthew Austin, reports disposals of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Matthew Austin, EVP & Chief Revenue Officer of Hasbro, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of Hasbro common stock to cover tax withholding obligations.
- On February 24, 2024, 1,598 shares were disposed of at $50.11 per share to cover taxes related to the vesting of a restricted stock unit award granted on February 24, 2023.
- On February 25, 2024, 347 shares were disposed of at $50.11 per share to cover taxes related to the vesting of a restricted stock unit award granted on February 25, 2022.
- Following these transactions, Austin directly owns 14,814 shares of Hasbro common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and does not contain information that would significantly impact investor sentiment.
Industry Context
Executive share disposals for tax purposes are a common occurrence and generally don't indicate a change in the company's fundamental outlook.
Key Dates
| Date | Description |
|---|---|
| February 25, 2022 | Date of restricted stock unit award related to the February 25, 2024 transaction. |
| February 24, 2023 | Date of restricted stock unit award related to the February 24, 2024 transaction. |
| February 24, 2024 | Date of share disposal for tax withholding (1,598 shares). |
| February 25, 2024 | Date of share disposal for tax withholding (347 shares). |
| February 27, 2024 | Date of signature on the Form 4 filing. |
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