Form 4: Hasbro Executive Timothy J. Kilpin Reports Share Disposals for Tax Withholding
SEC Form 4 Filing
Timothy J. Kilpin, President, 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, 2025, Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, Inc., disposed of 5,318 shares of common stock at a price of $66.74 per share to cover tax withholding related to the vesting of restricted stock units.
- Kilpin also disposed of 1,130 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 52,858 shares of Hasbro common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax obligations related to executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations, a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for restricted stock unit awards related to the tax withholding. |
| 05/17/2025 | Date of transaction (share disposal for tax withholding). |
| 05/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Hasbro, Timothy J. Kilpin, Share Disposal, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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