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HASBRO, INC.·4

Feb 17, 2:52 PM ET

Cocks Christian P 4

4 · HASBRO, INC. · Filed Feb 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Hasbro (HAS) CEO Christian P. Cocks Exercises Options, Sells 181,581 Shares

What Happened

  • Christian P. Cocks, CEO of Hasbro, exercised multiple option tranches on Feb 12, 2026 to acquire a total of 181,581 shares (code M) and immediately sold the same 181,581 shares in open-market transactions (code S) that day.
  • Exercise tranches (shares @ exercise price; cash paid): 10,279 @ $86.66 ($890,778); 12,915 @ $96.79 ($1,250,043); 13,862 @ $90.18 ($1,250,075); 6,931 @ $96.73 ($670,436); 98,789 @ $94.89 ($9,374,088); 38,805 @ $55.78 ($2,164,543). Total exercise cash outlay ≈ $15,599,963.
  • Sales (shares @ weighted avg sale price; proceeds): 100,920 @ $102.63 ($10,357,732); 2,844 @ $103.54 ($294,456); 73,324 @ $105.40 ($7,728,430); 4,493 @ $106.48 ($478,410). Total sale proceeds ≈ $18,859,028.
  • The filing also lists corresponding derivative dispositions at $0, which reflect conversion/cancellation of the exercised options.

Key Details

  • Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (appears to be filed after the 2-business‑day deadline for Form 4 — i.e., late).
  • Transaction codes: M = exercise/conversion of options; S = open-market sale. The exercised shares (181,581) equal the shares sold (181,581), consistent with a cashless exercise/sale to cover exercise and taxes.
  • Weighted-average sale price ranges (per footnotes):
    • 100,920 shares sold at a weighted avg $102.63 (individual trades ranged $102.50–$103.49).
    • 2,844 shares at ~$103.54 (range $103.50–$103.5550).
    • 73,324 shares at ~$105.40 (range $105.00–$105.9996).
    • 4,493 shares at ~$106.48 (range $106.0071–$106.9850).
  • Notable footnotes: options granted under the company plan have tandem tax‑withholding rights (F5); several tranches show vesting schedules (F6–F11). The filing offers to provide per‑trade price details upon request.
  • Shares owned after the transaction: not provided in the excerpt.

Context

  • This is a common pattern: an executive exercises vested options and immediately sells the resulting shares (often to cover exercise costs and tax withholding). The equal number of shares exercised and sold and the $0 derivative disposals indicate conversion of options followed by immediate sales.
  • Sales by executives are routine and do not necessarily indicate a change in view about the company. Purchases generally carry stronger positive signals; this filing is primarily an option exercise with proceeds‑generating sales.
  • If you track insider activity, note the filing date was after the typical 2-business‑day Form 4 deadline, which may be relevant for timeliness monitoring.

Insider Transaction Report

Form 4
Period: 2026-02-12
HASBRO, INC.HAS
Cocks Christian P
DirectorChief Executive Officer
Transactions
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$86.66/sh+10,279$890,778→ 260,140 total
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$96.79/sh+12,915$1,250,043→ 273,055 total
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$90.18/sh+13,862$1,250,075→ 286,917 total
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$96.73/sh+6,931$670,436→ 293,848 total
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$94.89/sh+98,789$9,374,088→ 392,637 total
  • Exercise/Conversion

    Common Stock (Par Value $.50 per share)

    2026-02-12$55.78/sh+38,805$2,164,543→ 431,442 total
  • Sale

    Common Stock (Par Value $.50 per share)

    [F1]
    2026-02-12$102.63/sh−100,920$10,357,732→ 330,522 total
  • Sale

    Common Stock (Par Value $.50 per share)

    [F2]
    2026-02-12$103.54/sh−2,844$294,456→ 327,678 total
  • Sale

    Common Stock (Par Value $.50 per share)

    [F3]
    2026-02-12$105.40/sh−73,324$7,728,430→ 254,354 total
  • Sale

    Common Stock (Par Value $.50 per share)

    [F4]
    2026-02-12$106.48/sh−4,493$478,410→ 249,861 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5][F6]
    2026-02-12−10,279→ 0 total
    Exercise: $86.66Exp: 2026-02-18→ Common Stock (10,279 underlying)
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5][F7]
    2026-02-12−12,915→ 0 total
    Exercise: $96.79Exp: 2027-02-17→ Common Stock (12,915 underlying)
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5][F8]
    2026-02-12−13,862→ 0 total
    Exercise: $90.18Exp: 2028-02-16→ Common Stock (13,862 underlying)
  • Exercise/Conversion

    Option (Right to Buy)

    [F5][F9]
    2026-02-12−6,931→ 0 total
    Exercise: $96.73Exp: 2028-03-22→ Common Stock (6,931 underlying)
  • Exercise/Conversion

    Option (Right to Buy)

    [F5][F10]
    2026-02-12−98,789→ 0 total
    Exercise: $94.89Exp: 2029-02-24→ Common Stock (98,789 underlying)
  • Exercise/Conversion

    Option (Right to Buy)

    [F5][F11]
    2026-02-12−38,805→ 196,411 total
    Exercise: $55.78Exp: 2030-02-23→ Common Stock (38,805 underlying)
Footnotes (11)
  • [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $102.50 to $103.49, 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).
  • [F10]33 1/3% of the options became exercisable each on February 24, 2023, February 24, 2024, and February 24, 2025.
  • [F11]33 1/3% of the options became exercisable each on February 23, 2024 and February 23, 2025 and additional 33 1/3% of the options become exercisable on February 23, 2026.
  • [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $103.50 to $103.5550, 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 (2).
  • [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $105.00 to $105.9996, 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 (3).
  • [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $106.0071 to $106.9850, 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 (4).
  • [F5]These options were granted pursuant to a stock incentive plan in accordance with Rule 16b-3 and have tandem tax withholding rights.
  • [F6]33 1/3% of the options became exercisable each on February 19, 2020, February 19, 2021, and February 19, 2022.
  • [F7]33 1/3% of the options became exercisable each on February 17, 2021, February 17, 2022, and February 17, 2023.
  • [F8]33 1/3% of the options became exercisable each on February 16, 2022, February 16, 2023, and February 16, 2024.
  • [F9]33 1/3% of the options became exercisable each on March 22, 2022, March 22, 2023, and March 22, 2024.
Signature
Matthew Gilman, P/O/A for Christian P Cocks|2026-02-17

Documents

1 file
  • 4
    wk-form4_1771357968.xmlPrimary

    FORM 4