4/A: Hasbro Executive Timothy J. Kilpin Amends SEC Filing to Correct Share Numbers After RSU Vesting

Timothy J. Kilpin, a Hasbro executive, filed an amendment to a previous SEC Form 4 to correct the number of shares withheld for tax purposes and the total shares beneficially owned after RSU vesting.

Summary

• This is an amendment to a previous SEC Form 4 filing by Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, Inc.
• The amendment corrects the number of shares withheld for tax purposes upon the vesting of Restricted Stock Units (RSUs).
• The initial calculation of tax withholding was preliminary and subsequently finalized, leading to the correction.
• As a result, the total number of shares beneficially owned after the transaction, as reported in the Form 4 filed on March 18, 2025, should be 77,729 shares instead of 77,122 shares.
• The transaction date for the original filing was March 7, 2025, where 3,654 shares were disposed of at a price of $64.01 due to tax withholding.
• After the transaction, Kilpin beneficially owns 59,306 shares of Hasbro common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. It doesn't suggest any underlying issues or significant changes in the company's financial health.

Industry Context

SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction ensures accurate reporting of insider ownership, maintaining transparency for shareholders.

Key Dates

Keywords

SEC Filing, Form 4, Amendment, Hasbro, Kilpin, RSU Vesting, Tax Withholding, Beneficial Ownership, Shares