Brandt Christopher W 4

What Happened

• Christopher W. Brandt, a Hershey Company (HSY) director, was granted/received 251.861 shares on July 1, 2026. The shares were reported at $0.00 per share (award/other acquisition), so no cash was paid for this issuance.
• This was an award/acquisition (not an open-market purchase or sale) and typically reflects director compensation or plan-based grants rather than a direct market buy signal.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06 (Form 4 accession 0000047111-26-000210).
• Shares acquired: 251.861; Price per share reported: $0.00; Total cash value reported: $0.
• Shares owned after the transaction: Not specified in the excerpt provided. The filing’s ownership total (Column 5) includes an additional 7.167 shares acquired June 15, 2026 via the Company’s directors’ dividend reinvestment feature (see footnote).
• Notable footnote: The 7.167 shares from June 15 were from dividend reinvestment under the Directors' Compensation Plan (similar to the Company’s broad-based DRIP).
• Timeliness: The filing date is July 6 for a July 1 transaction. Form 4s are normally due within two business days of the transaction; the filing shows the reported dates but does not include a late-filing code in the provided excerpt.

Context

• Awards to directors are generally compensation-related (e.g., restricted stock, deferred stock) and are routine. They do not necessarily indicate the director is buying or selling based on private views of the stock.
• For retail investors, such grants are useful to track but interpret cautiously — purchases often carry more weight as direct confirmatory signals than routine compensation awards.