Cocks Christian P 4

What Happened

• Christian P. Cocks, CEO of Hasbro, had 16,621 shares withheld (disposed) on March 7, 2026 to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The withheld shares were valued at $93.51 each, totaling $1,554,230.
• This was a tax-withholding/cashless settlement related to the second tranche (33 1/3%) of a 101,705-share RSU award granted March 7, 2024 — not an open-market sale.

Key Details

• Transaction date: 2026-03-07; Filing date: 2026-03-10 (Form 4 accession 0001850672-26-000015).
• Withheld shares: 16,621 at $93.51 per share; proceeds/value ≈ $1,554,230.
• RSU specifics: second tranche = 33 1/3% of 101,705 RSUs granted 3/7/2024. Filing notes 393 accrued dividend equivalents converted into shares upon vesting.
• Estimated net shares delivered to Cocks: roughly 34,295 vested shares (33,902 tranche + 393 dividend equivalents) minus 16,621 withheld ≈ 17,674 shares retained. (Exact retained/share totals not separately reported in the excerpt.)
• Transaction code: F (payment of tax liability via share withholding) — a routine administrative action, not a market sell.
• Filing timeliness: filed March 10, 2026 for a 3/7/2026 transaction; filing date is included in the report (no late-filing flag provided in the excerpt).

Context

• This is a common cashless settlement: RSUs vested and the company withheld shares to cover taxes. Such withholding does not necessarily signal CEO sentiment (unlike open-market purchases or voluntary sales).
• For retail investors, purchasing activity by insiders is often more informative than routine withholding; treat this as an administrative, non-investment-driven transaction.