Hershey (HSY) CTO Deepak Bhatia Receives Award; Shares Withheld

What Happened Deepak Bhatia, Senior Vice President and Chief Technology Officer of The Hershey Company, received a grant of 10,319 shares (code A) on February 25, 2026. On the same date, 1,269 shares were disposed (code F) to satisfy a tax withholding obligation at a reported per-share value of $229.64, totaling approximately $291,413. The award shares were acquired at $0.00 (typical for restricted stock/RSU awards); the withholding was a non‑market disposition to cover taxes rather than an open‑market sale.

Key Details

• Transaction dates: February 25, 2026 (award and tax withholding); Form 4 filed Feb 27, 2026 (timely within SEC two‑business‑day rule).
• Award: 10,319 shares acquired at $0.00 (code A).
• Tax withholding: 1,269 shares disposed at $229.64 per share; total value ≈ $291,413 (code F).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Notes: Code A = award/grant; code F = payment of exercise price or tax liability (share withholding). This appears to be routine tax withholding on an equity award, not an open‑market sale.

Context This transaction reflects receipt of company shares via an equity award and the common practice of withholding some shares to cover taxes. Such withholding is administrative and does not necessarily signal bullish or bearish insider sentiment. Purchases by insiders tend to be more informative about conviction than award receipts or tax-related dispositions.