Form 4: Hasbro Executive Timothy J. Kilpin Reports Share Disposals for Tax Withholding
SEC Form 4 Filing
Timothy J. Kilpin, President of Toy, Lic & Ent at Hasbro, Inc., reported the disposal of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 17, 2024, Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, Inc., disposed of 4,138 shares of common stock at a price of $59.55 per share to cover tax withholding related to the vesting of restricted stock units.
- Additionally, Kilpin disposed of 1,099 shares of common stock at the same price for tax withholding related to another vesting of restricted stock units.
- Following these transactions, Kilpin beneficially owns 62,960 shares of Hasbro common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing share disposals for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for restricted stock unit awards (32,410 shares and 6,888 shares). |
| 05/17/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 05/21/2024 | Date of signature for the Form 4 filing. |
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