Nalebuff Barry James 4

What Happened

• Barry Nalebuff, a director of The Hershey Company (HSY), was granted 251.861 shares on July 1, 2026. The shares were reported as an award/acquisition (code A) at $0.00 per share (total cash paid $0.00), indicating a stock award under a director compensation arrangement rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06.
• Transaction type/code: Grant/Award (A).
• Shares acquired: 251.861; Price per share reported: $0.00; Cash paid: $0.00.
• Shares owned after transaction: Not specified in the excerpt provided; the filing’s Column 5 total (direct holdings) includes 12.075 shares acquired on 2026-06-15 via dividend reinvestment (see footnote).
• Footnote: The 12.075 shares were acquired June 15, 2026, under the Company’s Directors' Compensation Plan dividend reinvestment feature, similar to the broad-based shareholder DRIP.
• Timeliness: Filed within days of the reported transaction (no late-filing indication in the provided data).

Context

• Code A awards are typically part of director compensation (restricted stock, deferred stock, or similar) and don’t represent an open-market purchase or a sale. Such awards reflect pay/benefit administration rather than an explicit buy/sell signal from the insider.