Cocks Christian P 4
4 · HASBRO, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Hasbro (HAS) CEO Christian P. Cocks Exercises Options, Sells Shares
What Happened
Christian P. Cocks, CEO of Hasbro, exercised 196,411 stock options on February 26, 2026 (strike $55.78, total exercise cost reported $10,955,806) and then sold the resulting 196,411 common shares the same day. The sales were executed in two groups: 191,211 shares at a weighted-average price of $100.32 (proceeds $19,181,618) and 5,200 shares at a weighted-average price of $100.85 (proceeds $524,418), for combined gross proceeds of $19,706,036. The filing also shows the related derivative position as disposed (zero value) reflecting the option exercise. This activity is an option exercise followed by immediate sale (a cashless-style transaction), commonly used for liquidity or tax purposes.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely within the two-business-day reporting window).
- Exercise: 196,411 options exercised at $55.78 each; reported total exercise cost $10,955,806. (Footnote F3: options granted under employee plan and have tandem tax withholding rights.)
- Sales: 191,211 shares sold at a weighted-average $100.32 (price range $99.6950–$100.69 per F1); 5,200 shares sold at a weighted-average $100.85 (price range $100.6966–$101.0265 per F2). Combined gross proceeds ≈ $19,706,036.
- Vesting: Options vested in thirds on Feb 23, 2024; Feb 23, 2025; and Feb 23, 2026 (F4).
- Shares owned after the transactions: not specified in the provided filing details.
- Filing timeliness: filed on March 2, 2026 — within required reporting period (not marked late).
Context: The sequence (exercise followed by same-day sales) is effectively a cashless exercise: the insider acquired shares by exercising vested options and sold them immediately. This is a common way for executives to realize value from equity awards and/or cover tax obligations; it should be read as a liquidity event rather than an explicit forward-looking endorsement or rejection of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock (Par Value $.50 per share)
2026-02-26$55.78/sh+196,411$10,955,806→ 499,721 total - Sale
Common Stock (Par Value $.50 per share)
[F1]2026-02-26$100.32/sh−191,211$19,181,618→ 308,510 total - Sale
Common Stock (Par Value $.50 per share)
[F2]2026-02-26$100.85/sh−5,200$524,418→ 303,310 total - Exercise/Conversion
Option (Right to Buy)
[F3][F4]2026-02-26−196,411→ 0 totalExercise: $55.78Exp: 2030-02-23→ Common Stock (196,411 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $99.6950 to $100.69, 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]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $100.6966 to $101.0265, 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]These options were granted under an employee stock option plan in accordance with Rule 16b-3 and have tandem tax withholding rights.
- [F4]33 1/3% of the options became exercisable each on February 23, 2024, February 23, 2025, and February 23, 2026.