Hershey (HSY) President Vero Villasenor Withholds 132 Shares for Taxes

What Happened
Vero Villasenor, President of Salty Snacks at Hershey (HSY), had 132 shares withheld to satisfy a tax liability related to equity (transaction code F). The shares were recorded at $210.58 each, for a total withholding value of approximately $27,797. This is a tax-withholding disposition, not an open-market sale, and is a routine administrative action following an option exercise or award vesting.

Key Details

• Transaction date: 2026-03-19; SEC filing date: 2026-03-23 (filing appears timely).
• Price per share: $210.58; Shares withheld/disposed: 132; Total value: ~$27,797.
• Transaction code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: not specified in the provided filing summary.
• No 10b5-1 plan or late-filing flag was indicated in the provided details.

Context
A code F withholding is typically used to cover tax obligations arising when options are exercised or restricted stock vests; withheld shares are surrendered to the company and do not represent a market sale that expresses trading intent. Such tax-withholding events are routine and generally less informative about an insider's view of the company's prospects than outright open-market purchases or sales.