Turoff James 4

What Happened

• James Turoff, SVP, General Counsel & Secretary of The Hershey Company, received an award of 6,600 shares (transaction code A) on Feb 25, 2026. The award shows $0.00 purchase price (typical for restricted stock/RSU vesting).
• To cover taxes (transaction code F), 609 of those shares were withheld at a reported per-share value of $229.64, generating proceeds of about $139,851. Net shares delivered to Turoff after withholding were 5,991 (6,600 − 609).
• This was a compensation/award event, not an open-market buy or sale.

Key Details

• Transaction date: 2026-02-25.
• Award: 6,600 shares reported at $0.00 (code A). Implied market value at $229.64/share ≈ $1,515,624.
• Tax withholding: 609 shares withheld at $229.64 each; total value withheld ≈ $139,851 (code F).
• Net shares received: 5,991 (6,600 awarded − 609 withheld).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: no late-filing indication noted in the provided information.
• Codes explained: A = award/grant (acquisition); F = shares withheld to satisfy tax withholding.

Context

• This is a routine equity compensation event (likely RSU vesting) and not a market purchase or sale — withholding of shares to pay taxes is a common administrative step and does not necessarily indicate a change in insider sentiment.
• For retail investors, purchases by insiders often carry more weight as a bullish signal; compensatory awards primarily reflect standard executive pay practices.