Form 4: Hasbro Executive Tarrant L. Sibley Reports Share Award and Tax Withholding
SEC Form 4 Filing
EVP, CLO, and Corporate Secretary of Hasbro, Tarrant L. Sibley, reports acquisition of shares earned under a performance share award and subsequent share withholding for tax obligations.
Summary
- On February 20, 2025, Tarrant L. Sibley, EVP, CLO, and Corporate Secretary of Hasbro, acquired 1,216 shares of common stock due to the vesting of a performance share award.
- The performance share award was granted on February 20, 2022, and was contingent upon Hasbro achieving certain financial goals over a three-year performance period.
- Also on February 20, 2025, 430 shares were disposed of at a price of $66.90 for tax withholding purposes related to the performance share award.
- Following these transactions, Sibley directly owns 53,788.97 shares of Hasbro common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a standard transaction related to executive compensation. The vesting of performance shares suggests the company met its goals, which is mildly positive.
Positives
- The vesting of performance shares suggests that Hasbro met certain financial goals over the three-year performance period, which is a positive indicator.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.
Stakeholder Impact
- Shareholders may view the vesting of performance shares positively, as it indicates the company achieved its financial goals.
Key Dates
| Date | Description |
|---|---|
| 02/20/2022 | Date of grant for the performance share award. |
| 02/20/2025 | Date of transaction: acquisition of shares and tax withholding. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Hasbro, Tarrant L. Sibley, Performance Share Award, Tax Withholding, Beneficial Ownership, Equity Securities
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