Form 4: Hershey Co. Executive Charles R. Raup Reports Stock Disposal
SEC Form 4 Filing
Charles R. Raup, President, U.S. Confection at Hershey Co., reported disposing of 560 shares of common stock on February 23, 2024, to cover tax obligations.
Summary
- On February 23, 2024, Charles R. Raup, President, U.S. Confection at Hershey Co., disposed of 560 shares of common stock.
- The transaction was executed at a price of $193.83 per share.
- Following the transaction, Raup directly owns 26,777 shares of Hershey Co. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of signature on the Form 4 filing |
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