Form 4: Hasbro Executive Tarrant L. Sibley Reports Share Disposal for Tax Obligations

Tarrant L. Sibley, EVP, CLO and Corp Secretary of Hasbro, Inc., disposed of 1,978 shares to cover tax withholding obligations related to a restricted stock unit vesting.

Summary

• On March 7, 2025, Tarrant L. Sibley, EVP, CLO and Corp Secretary of Hasbro, Inc., disposed of 1,978 shares of common stock.
• The transaction was executed to cover tax withholding obligations associated with the vesting of the first tranche (33 1/3%) of a restricted stock unit award granted on March 7, 2024.
• The price per share for the disposal was $64.01.
• Following the transaction, Sibley directly owns 50,369.97 shares of Hasbro common stock.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation and tax obligations.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time.
• The practice of disposing of shares to cover tax obligations upon vesting is a common practice among corporate executives.
• The amount of shares disposed of is proportional to the tax liability incurred from the vesting event.

Key Dates