Cocks Christian P 4

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.