Hershey (HSY) SVP Natalie Schechtman Withholds 102 Shares for Taxes

What Happened

• Natalie Schechtman, Senior Vice President and Chief Human Resources Officer at The Hershey Company (HSY), surrendered/withheld 102 shares on September 18, 2026 to satisfy a tax obligation related to equity compensation. The shares were valued at $169.79 each, totaling $17,319.
• This was a tax-withholding disposition (Form 4 code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-22 (filed within the typical two-business-day reporting window).
• Price per share: $169.79; total value of shares withheld: $17,319.
• Transaction type: Payment of exercise price or tax liability (Code F — shares surrendered/withheld).
• Shares owned after transaction: not specified in the provided excerpt (see the full Form 4 for post-transaction holdings).
• Notable: Code F indicates shares were used to cover taxes (common for exercises or vesting), not an open-market sale.

Context

• Withholding shares to cover taxes is a routine administrative step following option exercises or restricted stock vesting and does not necessarily signal a view on the company's stock. Purchases are generally more informative about insider conviction; tax-withholding dispositions are standard and do not imply selling for cash.