Form 4: Hershey CTO Disposes Shares for Tax Obligations

Hershey's SVP and Chief Technology Officer, Deepak Bhatia, disposed of 6,275 shares of common stock to cover tax liabilities on November 10, 2025.

Summary

• Deepak Bhatia, SVP, Chief Technology Officer of The Hershey Co. (HSY), reported a change in beneficial ownership.
• On November 10, 2025, Bhatia disposed of 6,275 shares of Hershey common stock.
• The transaction was executed at a price of $168.91 per share.
• The transaction code 'F' indicates that the disposition was to satisfy tax withholding obligations upon the vesting of equity awards.
• Following this transaction, Deepak Bhatia beneficially owns 41,396 shares of Hershey common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This is a routine insider transaction common across all industries where executives receive equity compensation. The disposition of shares for tax withholding is a standard practice and does not typically reflect a change in management's outlook on the company's performance.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in insider confidence or company fundamentals.

Key Dates

Keywords

Hershey, HSY, Deepak Bhatia, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Beneficial Ownership