Form 4: Hasbro Executive Sells Shares for Tax Withholding
Statement of Changes in Beneficial Ownership
Hasbro's EVP, CLO, and Corporate Secretary, Tarrant L. Sibley, disposed of 2,071 shares of common stock for tax withholding purposes following an RSU vesting.
Summary
- Tarrant L. Sibley, Executive Vice President, Chief Legal Officer, and Corporate Secretary of Hasbro, Inc. (HAS), disposed of 2,071 shares of common stock.
- The transaction occurred on March 14, 2026, at a price of $94.65 per share.
- This disposition was for tax withholding in connection with the vesting of the first tranche (33 1/3%) of a restricted stock unit (RSU) award of 13,205 shares, which was originally granted on March 14, 2025.
- Following this transaction, Sibley beneficially owns 55,862.97 shares of Hasbro Common Stock.
- The total beneficial ownership was adjusted for an aggregate of 183 accrued dividend equivalents that converted into shares upon vesting, and to correct a previously reported beneficial ownership total from a transaction on February 24, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, typical for executive compensation and tax compliance, with no inherent positive or negative implications for the company's operational or financial performance.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon RSU vesting, are common and generally do not reflect a change in management's outlook on the company's prospects. This is a routine compliance filing.
Comparison to Industry Standards
- This transaction is a standard practice for executives receiving equity compensation, aligning with common industry compensation structures where a portion of vested shares is withheld to cover tax obligations.
- No specific comparable companies or projects are relevant for this routine compliance filing.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Grant date of a restricted stock unit award of 13,205 shares. |
| 02/24/2026 | Date of a previous transaction for which beneficial ownership total was corrected. |
| 03/14/2026 | Transaction date for the disposition of shares for tax withholding related to RSU vesting. |
| 03/17/2026 | Signature date of the reporting person's power of attorney. |
Keywords
Hasbro, HAS, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Tarrant L. Sibley, Corporate Secretary, EVP, CLO
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