Form 4: Hershey Co. Executive James Turoff Reports Stock Disposal
SEC Form 4 Filing
James Turoff, SVP, GC & Secretary of Hershey Co., reported the disposal of 54 shares of common stock on February 23, 2024, to cover tax obligations.
Summary
- On February 23, 2024, James Turoff, a Senior Vice President, General Counsel, and Secretary at Hershey Co. (HSY), disposed of 54 shares of common stock.
- The transaction was executed at a price of $193.83 per share.
- Following the transaction, Turoff directly owns 13,056 shares of Hershey Co. common stock.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes.
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 involves a small number of shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock disposal transaction |
| 02/27/2024 | Date of Form 4 filing |
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