Brandt Christopher W 4

What Happened

• Christopher W. Brandt, a director of The Hershey Company (HSY), was granted 221.795 shares on April 1, 2026. The filing shows an acquisition at $0.00 per share (total reported value $0), reflecting an award under the company's director compensation arrangements rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (appears timely).
• Transaction type/code: Award/Grant (code A).
• Shares acquired: 221.795 at $0.00 per share (total $0 reported).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Notable footnote: The filing notes 4.013 shares were previously acquired on March 16, 2026 via the plan’s dividend reinvestment feature (substantially similar to the company’s broad-based DRIP).
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding reported in this filing.

Context

• Director grants like this are typically part of regular non-employee director compensation (retainer or deferred equity) and do not reflect an open-market investment decision.
• The $0.00 reported price is standard for awards issued under a compensation plan and does not reflect market value or an immediate sale. Such awards are common and primarily compensate directors for service.