Form 4: Hershey Co. Executive Jennifer McCalman Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Jennifer McCalman, VP and Chief Accounting Officer of Hershey Co., sold 278 shares of common stock at $179.28 per share under a pre-arranged 10b5-1 trading plan.
Summary
- On November 4, 2024, Jennifer McCalman, VP and Chief Accounting Officer of Hershey Co., sold 278 shares of common stock.
- The sale was executed at a price of $179.28 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 13, 2024.
- Following the transaction, McCalman directly owns 2,960 shares of Hershey Co. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Sales by executives are a normal part of corporate activity. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| May 13, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| November 04, 2024 | Date of the stock sale transaction |
| November 05, 2024 | Date of the signature on the Form 4 filing |
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