Form 4: Hershey Co. CEO Michele Buck Reports Stock Disposal
SEC Form 4 Filing
Michele Buck, Chairman, President, and CEO of Hershey Co., reported disposing of 2,214 shares of common stock on February 23, 2024, to cover tax obligations.
Summary
- On February 23, 2024, Michele Buck, the Chairman, President, and CEO of Hershey Co. (HSY), disposed of 2,214 shares of common stock.
- The transaction was executed at a price of $193.83 per share.
- Following the transaction, Buck directly owns 166,100 shares of Hershey Co. common stock.
- The transaction was reported on February 27, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock disposal for tax purposes, so it doesn't indicate particularly positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of Form 4 filing |
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