Form 4: Hershey Co. CEO Michele Buck Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Hershey Co. CEO Michele Buck reported disposing of shares on February 21 and 22, 2025, to cover tax obligations arising from equity awards.
Summary
- Michele Buck, Chairman, President, and CEO of Hershey Co., filed a Form 4 detailing changes in beneficial ownership.
- On February 21, 2025, she disposed of 1,626 shares of common stock at a price of $172.86.
- On February 22, 2025, she disposed of 1,692 shares of common stock at a price of $177.84.
- These disposals were likely to cover tax obligations.
- Following these transactions, Buck directly owns 195,806 shares of Hershey Co. common stock.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate governance practices.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Michele Buck disposed of 1,626 shares of Hershey Co. common stock at $172.86 per share. |
| 02/22/2025 | Michele Buck disposed of 1,692 shares of Hershey Co. common stock at $177.84 per share. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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