Form 4: Hasbro Executive Tarrant L. Sibley Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Tarrant L. Sibley, EVP, CLO and Corp Secretary of Hasbro, Inc., disposed of 1,080 shares to cover tax withholding obligations related to a restricted stock unit vesting.
Summary
- On February 24, 2025, Tarrant L. Sibley, EVP, CLO and Corp Secretary of Hasbro, Inc., disposed of 1,080 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of the second tranche (33 1/3%) of a restricted stock unit award granted on February 24, 2023.
- The shares were disposed of at a price of $66.48 per share.
- Following the transaction, Sibley directly owns 52,708.97 shares of Hasbro common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of grant for the restricted stock unit award of 9,861 shares. |
| 02/24/2025 | Date of transaction: Disposal of 1,080 shares for tax withholding. |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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