Form 4: Hershey Co. Director Cordel Robbin-Coker Reports Share Transactions

Director Cordel Robbin-Coker of Hershey Co. reports acquiring and disposing of common stock on January 1, 2025.

Summary

• Cordel Robbin-Coker, a director at Hershey Co., reported a transaction involving the company's common stock.
• On January 1, 2025, Mr. Robbin-Coker acquired 251.792 shares of common stock.
• On the same day, Mr. Robbin-Coker disposed of 847.387 shares of common stock.
• The reported transactions were made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The total amount of securities reported as directly owned includes 4.544 shares acquired on December 16, 2024, through a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company director, which is neither positive nor negative in itself.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders who trade their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The transactions reported are typical for directors who may have pre-arranged trading plans under Rule 10b5-1.
• The dividend reinvestment is a common feature of many company's compensation plans.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to be significant given the relatively small volume of shares traded compared to the overall market capitalization of Hershey Co.

Key Dates

Keywords

Hershey Co, Director, Stock Transaction, Form 4, Beneficial Ownership, Rule 10b5-1, Dividend Reinvestment