XML 50 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table provides information regarding compensation paid to the Company’s Chief Executive Officer and other Named Executive Officers along with the cumulative total shareholder return of the Company and the Total Shareholder Return of the Russell 1000 Consumer Discretionary Index, the Company’s net income and the Company’s revenue, which is the Company’s most important financial performance measure used by the Company to link compensation actually paid to the Company’s named executive officers, for 2024, to Company performance.
 
   
Cocks
    
Stoddart
    
Goldner
                                      
                     
Value of Initial Fixed

$100 Investment

Based on
    
Company Selected Measure
  
  Year
(1)
  
Summary
Compensation
Table (SCT)
for CEO
  
Compensation
Actually Paid
(CAP) to CEO
    
Summary
Compensation
Table (SCT)
for CEO
    
Compensation
Actually Paid
(CAP) to CEO
    
Summary
Compensation
Table (SCT)
for CEO
    
Compensation
Actually Paid
(CAP) to CEO
    
Average
SCT Total
for Other
NEOs
(2)
    
Average
CAP to
Other
NEOs
(2)
    
TSR
(HAS)
(3)
    
TSR (Russell
1000
Consumer
Discretionary
Index)
    
Net Income
(GAAP)
    
Revenue
  
2024
   $16,841,413   $ 16,242,609       n/a       n/a       n/a       n/a     $ 5,151,928     $ 5,562,148     $ 65.09     $ 196.92     $ 385,600,000     $ 4,135,500,000  
2023
   $15,110,869   $ 14,122,972       n/a       n/a       n/a       n/a     $ 5,507,043     $ 3,166,764     $ 55.93     $ 147.76     $ (1,489,300,000 )    $ 5,003,326,000  
2022
   $9,443,047   $ 3,460,022     $ 270,000     $ (574,022 )      n/a       n/a     $ 7,444,885     $ 2,209,062     $ 60.60     $ 108.23     $ 203,500,000     $ 5,856,700,000  
2021
   n/a     n/a     $ 3,130,233     $ 3,198,778     $ 23,714,681     $ 29,079,175     $ 6,265,507     $ 7,724,029     $ 98.45     $ 164.69     $ 428,700,000     $ 6,420,400,000  
2020
   n/a     n/a       n/a       n/a     $ 16,668,010     $ 6,508,847     $ 9,964,919     $ 7,610,559     $ 91.07     $ 138.64     $ 222,500,000     $ 5,465,400,000  
 
    
2024
  
  Adjustments
(4)
   
CEO
(Cocks)
    
Other
NEOs
(2)
  
Total from Summary Compensation Table
    $ 16,841,413     $ 5,151,928  
Adjustments for defined benefit and actuarial plans
                 
Subtract: Pension Value Reported in SCT
    $ —     $ —  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
    $ —     $ —  
Total Impact: Adjustments for defined benefit and actuarial plans
    $ —     $ —  
Adjustments for stock and options awards
                 
Subtract: SCT Amounts
    $ (10,500,024 )    $ (3,356,303 ) 
Add: Fair value at
year-end
of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
    $ 11,910,062     $ 3,584,376  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
    $ 1,939,282     $ 74,528  
Add: Vesting date fair value of awards granted any vesting during such year
    $ —     $ —  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
    $ (69,560 )    $ 107,620  
Subtract: Forfeited Awards
    $ —     $ —  
Total Impact: Adjustments for stock and option awards
    $ (598,804 )    $ 410,220  
Compensation Actually Paid (as calculated)
    $ 16,242,609     $ 5,562,148  
 
(1)
The other NEOs were Mr. Cocks (2021), Ms. Deborah Thomas (2020-2023), Messrs. John Frascotti, Darren Throop & Dolph Johnson (2020 and 2021), Mr. Throop (2022), Ms. Cynthia Williams and Mr. Eric Nyman (2022 and 2023), Ms. Goetter and Mr. Kilpin (2023 and 2024), Mr. Tarrant Sibley (2023), and Messrs. Hight & Austin (2024).
 
(2)
Amounts presented are averages for the entire group of other NEOs.
 
(3)
Total Shareholder Return (TSR) data is calculated based on an initial measurement date of December 29, 2019 and reflects: For 2024 – 5 year (December 29, 2019 – December 29, 2024); 2023 - 4 year (December 29, 2019 - December 31, 2023); 2022 – 3 year (December 29, 2019 – December 25, 2022); for 2021 – 2 year (December 29, 2019 – December 26, 2021); and for 2020 – 1 year (December 29, 2019 – December 27, 2020). 2021 Hasbro TSR has been restated, in the 2024 proxy statement, TSR was presented as $38.45.
 
(4)
The table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amount from the Summary Compensation Table (SCT) amount. The SCT Amount and the CAP Amount do not reflect the actual amount of compensation earned by or paid during the applicable year but rather are amounts determined in accordance with SEC rules contained in Item 402 of Regulation
S-K
under the Exchange Act.
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote The other NEOs were Mr. Cocks (2021), Ms. Deborah Thomas (2020-2023), Messrs. John Frascotti, Darren Throop & Dolph Johnson (2020 and 2021), Mr. Throop (2022), Ms. Cynthia Williams and Mr. Eric Nyman (2022 and 2023), Ms. Goetter and Mr. Kilpin (2023 and 2024), Mr. Tarrant Sibley (2023), and Messrs. Hight & Austin (2024).        
PEO Actually Paid Compensation Amount $ 16,242,609        
Adjustment To PEO Compensation, Footnote
    
2024
  
  Adjustments
(4)
   
CEO
(Cocks)
    
Other
NEOs
(2)
  
Total from Summary Compensation Table
    $ 16,841,413     $ 5,151,928  
Adjustments for defined benefit and actuarial plans
                 
Subtract: Pension Value Reported in SCT
    $ —     $ —  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
    $ —     $ —  
Total Impact: Adjustments for defined benefit and actuarial plans
    $ —     $ —  
Adjustments for stock and options awards
                 
Subtract: SCT Amounts
    $ (10,500,024 )    $ (3,356,303 ) 
Add: Fair value at
year-end
of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
    $ 11,910,062     $ 3,584,376  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
    $ 1,939,282     $ 74,528  
Add: Vesting date fair value of awards granted any vesting during such year
    $ —     $ —  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
    $ (69,560 )    $ 107,620  
Subtract: Forfeited Awards
    $ —     $ —  
Total Impact: Adjustments for stock and option awards
    $ (598,804 )    $ 410,220  
Compensation Actually Paid (as calculated)
    $ 16,242,609     $ 5,562,148  
        
Non-PEO NEO Average Total Compensation Amount $ 5,151,928 $ 5,507,043 $ 7,444,885 $ 6,265,507 $ 9,964,919
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,562,148 3,166,764 2,209,062 7,724,029 7,610,559
Adjustment to Non-PEO NEO Compensation Footnote
    
2024
  
  Adjustments
(4)
   
CEO
(Cocks)
    
Other
NEOs
(2)
  
Total from Summary Compensation Table
    $ 16,841,413     $ 5,151,928  
Adjustments for defined benefit and actuarial plans
                 
Subtract: Pension Value Reported in SCT
    $ —     $ —  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
    $ —     $ —  
Total Impact: Adjustments for defined benefit and actuarial plans
    $ —     $ —  
Adjustments for stock and options awards
                 
Subtract: SCT Amounts
    $ (10,500,024 )    $ (3,356,303 ) 
Add: Fair value at
year-end
of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
    $ 11,910,062     $ 3,584,376  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
    $ 1,939,282     $ 74,528  
Add: Vesting date fair value of awards granted any vesting during such year
    $ —     $ —  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
    $ (69,560 )    $ 107,620  
Subtract: Forfeited Awards
    $ —     $ —  
Total Impact: Adjustments for stock and option awards
    $ (598,804 )    $ 410,220  
Compensation Actually Paid (as calculated)
    $ 16,242,609     $ 5,562,148  
        
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
Financial Performance Measures
The following table lists the most important financial performance measures used to link compensation actually paid to our NEOs for 2024 to Company performance.
 
Performance Measure
  
Primary Measure
  
Short-Term Incentive

Measure
  
Performance Share Unit
Performance Measure
Net Revenue
   X   X    
Operating Profit Dollars
       X    
Strategic Cost-savings
       X    
EPS
           X
Relative TSR Modifier
           X
        
Total Shareholder Return Amount $ 65.09 55.93 60.6 98.45 91.07
Peer Group Total Shareholder Return Amount 196.92 147.76 108.23 164.69 138.64
Net Income (Loss) $ 385,600,000 $ (1,489,300,000) $ 203,500,000 $ 428,700,000 $ 222,500,000
Company Selected Measure Amount 4,135,500,000 5,003,326,000 5,856,700,000 6,420,400,000 5,465,400,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Profit Dollars        
Measure:: 3          
Pay vs Performance Disclosure          
Name Strategic Cost-savings        
Measure:: 4          
Pay vs Performance Disclosure          
Name EPS        
Measure:: 5          
Pay vs Performance Disclosure          
Name Relative TSR Modifier        
Cocks [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 16,841,413 $ 15,110,869 $ 9,443,047    
PEO Actually Paid Compensation Amount $ 16,242,609 $ 14,122,972 3,460,022    
PEO Name Cocks Cocks      
Stoddart [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     270,000 $ 3,130,233  
PEO Actually Paid Compensation Amount     $ (574,022) 3,198,778  
PEO Name   Stoddart Stoddart    
Goldner [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount       23,714,681 $ 16,668,010
PEO Actually Paid Compensation Amount       $ 29,079,175 $ 6,508,847
PEO Name     Goldner Goldner  
PEO | Cocks [Member] | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (598,804)        
PEO | Cocks [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,500,024)        
PEO | Cocks [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 11,910,062        
PEO | Cocks [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,939,282        
PEO | Cocks [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (69,560)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 410,220        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,356,303)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,584,376        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 74,528        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 107,620