Sibley Tarrant L. 4
4 · HASBRO, INC. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Hasbro (HAS) EVP Sibley Tarrant Exercises Options & Sells Shares
What Happened
Sibley T. L. Sibley, EVP, CLO and Corporate Secretary of Hasbro, exercised 15,148 stock options (code M) on 2026-02-12 at an exercise price of $86.66, at an aggregate exercise cost of $1,312,726. The same 15,148 shares were sold in the open market (code S) that day at a weighted average price of $104.98, producing total sale proceeds of $1,590,186. Net of the exercise cost, this sequence yielded roughly $277,460 in gross proceeds before taxes and fees. The filing also reports the derivative conversion/disposition line (exercise-to-sell) at $0 as a procedural entry.
Key Details
- Transaction date: February 12, 2026. Filing date: February 13, 2026 (timely).
- Options exercised: 15,148 shares at $86.66 each (total ~$1.31M).
- Shares sold: 15,148 shares at weighted avg $104.98 (total ~$1.59M); sale prices ranged $104.97–$105.07 (see footnote).
- Net cash difference: ~ $277,460 (sale proceeds minus exercise cost), before taxes/fees.
- Footnotes: Options were granted under the company’s employee stock option plan (Rule 16b‑3) and have tandem tax withholding rights. Vesting occurred in three installments (Feb 19, 2020; Feb 19, 2021; Feb 19, 2022). The sale price shown is a weighted average; exact per-share prices are in the footnote.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was an exercise-and-immediate-sale (cashless-ish) transaction: the insider exercised vested options and sold the resulting shares the same day. Such transactions are common for covering the exercise cost and tax obligations and do not by themselves indicate a change in long-term insider sentiment. The filing appears timely (reported the next day).
Insider Transaction Report
- Exercise/Conversion
Common Stock (Par Value $.50 per share)
2026-02-12$86.66/sh+15,148$1,312,726→ 65,321.97 total - Sale
Common Stock (Par Value $.50 per share)
[F1]2026-02-12$104.98/sh−15,148$1,590,186→ 50,173.97 total - Exercise/Conversion
Option (Right to Buy)
[F2][F3]2026-02-12−15,148→ 0 totalExercise: $86.66Exp: 2026-02-18→ Common Stock (15,148 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $104.97 to $105.07, inclusive. The reporting person undertakes to provide to Hasbro, Inc., any security holder of Hasbro, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).
- [F2]These options were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights.
- [F3]33 1/3% of the options became exercisable on each of February 19, 2020, February 19, 2021, and February 19, 2022.