Hasbro Inc – (HAS, +N, April 26th)
Christian Cocks (CEO since Jan 2022, joined 2018) purchased $905,000 worth of stock on April 21st at $89.59, increasing his holdings by +18% to 65,945 shares. Cocks was named CEO in January, having joined in 2018, leading the team at Wizards of the Coast. Cocks is replacing interim CEO Richard Stoddart (Director since 2014), after the passing of longtime Chair and CEO Brian Goldner in October 2021.
Michael Burns (Director since 2014) purchased $220,000 worth of stock on April 25th at $87.70, increasing his holdings by +18% in his first purchase since joining the board eight years ago. Cocks still needs to reach ownership guidelines (5x salary) but has five years to do so and could likely get there with options. These purchases show confidence in the new management team.
We are ranking the stock +N.