Hershey (HSY) CEO Tanner Kirk Sells 6,649 Shares for Tax Withholding

What Happened
Tanner Kirk, President & CEO and a director of The Hershey Company (HSY), had 6,649 shares disposed on September 18, 2026 to satisfy tax withholding related to a securities transaction (report code F). The shares were valued at $169.79 each, totaling $1,128,934. This was a withholding/covering action (not an open-market sell for investment reasons).

Key Details

• Transaction date: 2026-09-18; filing date (Form 4): 2026-09-22.
• Disposal: 6,649 shares at $169.79 per share; total value ~$1,128,934. (Report code F — tax withholding.)
• Shares owned after transaction: 46.179 shares reported as directly owned (per footnote). That total reflects dividend reinvestment purchases: 13.332 shares (Mar 16, 2026), 16.002 shares (Jun 15, 2026), and 16.845 shares (Sep 15, 2026).
• Notable footnote: the reported direct ownership includes fractional shares acquired via a broker-administered dividend reinvestment program.
• Filing timeliness: Form filed 4 days after the transaction date; no explicit late-filing code was provided in the report.

Context
Report code F means shares were disposed to satisfy tax withholding obligations (commonly occurs when options or awards vest/exercise). This is typically an administrative "sell-to-cover" and does not necessarily indicate a decision to reduce overall holdings for investment reasons.