Form 4: Hasbro Executive Timothy J. Kilpin Reports Share Transaction for Tax Withholding

Timothy J. Kilpin, President of Toy, Lic & Ent at Hasbro, Inc., reports a transaction involving the withholding of shares to cover tax obligations related to the vesting of restricted stock units.

Summary

• On March 7, 2025, Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, Inc., reported a transaction on SEC Form 4.
• The transaction involved the withholding of 3,047 common stock shares to cover tax obligations.
• This withholding was related to the vesting of the first tranche (33 1/3%) of a restricted stock unit award of 28,817 shares granted on March 7, 2024.
• The price per share for the withholding was $64.01.
• Following the transaction, Kilpin directly owns 59,913 shares of Hasbro common stock.

Sentiment

Score: 5

Explanation: This is a neutral reporting of a standard transaction related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and is common in publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of stock awards.

Comparison to Industry Standards

• Share withholding for tax purposes is a standard practice across publicly traded companies, including Hasbro's competitors like Mattel and Jakks Pacific.
• Executive compensation packages often include restricted stock units, and the tax implications are typically handled through share withholding or other similar mechanisms.
• The specific amount of shares withheld depends on the individual's tax situation and the company's policies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine part of executive compensation.
• It ensures compliance with tax regulations related to stock-based compensation.

Key Dates