KILPIN TIMOTHY J. 4
Research Summary
AI-generated summary
Hasbro (HAS) President Timothy Kilpin Disposes 2,791 Shares via Tax Withholding
What Happened
- Timothy J. Kilpin, President, Toy, Lic & Ent at Hasbro, had 2,791 shares of Hasbro common stock disposed (withheld) to satisfy tax withholding in connection with RSU vesting. The shares were valued at $94.65 each for a total of $264,168.
- This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-14; Form 4 filed: 2026-03-17 (no late-file flag indicated).
- Price: $94.65 per share; Shares withheld/disposed: 2,791; Total value: $264,168.
- The withholding relates to the vesting of the first tranche (33 1/3%) of a March 14, 2025 restricted stock unit (RSU) award of 17,816 shares (see filing footnote F1).
- Filing notes an aggregate adjustment of 173 accrued dividend equivalents that converted into shares upon vesting (footnote F2).
- Shares owned after the transaction are not specified in the provided filing.
Context
- This is a routine tax-withholding event tied to RSU vesting (often called a "share withholding" or cashless-withhold) and should not be read as an open-market sale signaling sentiment.
- Transaction code F indicates shares were surrendered to cover withholding/tax liabilities rather than sold on the market.