Form 4: Hershey CFO Steven Voskuil Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Hershey's SVP and CFO, Steven E. Voskuil, executed a sale of company stock on February 23, 2024, according to a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 23, 2024, Steven E. Voskuil, the SVP and Chief Financial Officer of Hershey Co [HSY], sold 1,500 shares of common stock at a price of $193.06 per share.
- Additionally, 549 shares were disposed of to cover tax obligations at a price of $193.83.
- These transactions were executed under a pre-existing Rule 10b5-1 trading plan adopted on May 23, 2023.
- Following these transactions, Voskuil directly owns 42,161 shares of Hershey common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock sales by an executive under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by executives are a normal part of corporate compensation and wealth management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Key Dates
| Date | Description |
|---|---|
| May 23, 2023 | Date the Rule 10b5-1 trading plan was adopted by Steven E. Voskuil. |
| February 23, 2024 | Date of the stock sale transaction. |
| February 27, 2024 | Date of the Form 4 filing. |
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