Cocks Christian P 4
Research Summary
AI-generated summary
Hasbro CEO Christian Cocks Sells 8,030 Shares for Tax Withholding
What Happened
Christian P. Cocks, CEO of Hasbro, surrendered 8,030 shares (disposed) at $99.64 per share — a total of about $800,109 — to satisfy tax withholding in connection with the vesting of restricted stock units (RSUs). This was not an open-market sale for investment purposes but share withholding to cover withholding taxes when the third tranche (33 1/3%) of a 47,060-share RSU award granted Feb 24, 2023, vested.
Key Details
- Transaction date (period): 2026-02-24; Form 4 filed: 2026-02-26. Filing appears timely.
- Disposed: 8,030 shares at $99.64 each; total reported value ~$800,109. (Transaction code F = payment of tax withholding via share withholding.)
- The withholding corresponds to the vesting of the third tranche (33 1/3%) of a 47,060 RSU award granted Feb 24, 2023. Footnote notes shares acquired were adjusted for dividend equivalent units.
- Shares owned after the transaction: not specified in the filing.
Context
This was a tax-withholding share surrender tied to RSU vesting (common executive compensation mechanics), not a market sale signaling a change in investment view. For retail investors, such transactions mainly reflect routine tax obligations when equity awards vest rather than a directional bet by the insider.