Archambault Matthew Andrew 4

What Happened
Matthew Archambault, President, U.S. Confection at Hershey Co. (HSY), had 3,318 shares disposed on March 19, 2026 to satisfy a tax obligation. The shares were valued at $210.58 each, for a total of approximately $698,704. This was a tax-withholding disposition (not an open-market sale), indicating shares were surrendered to cover taxes from an equity event.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-23 (filed within the standard 2-business-day window).
• Price per share: $210.58; total value of shares withheld: ~$698,704.
• Transaction code: F — "Payment of exercise price or tax liability" (shares withheld to cover taxes).
• Disposition type: Shares were disposed/withheld, not sold on the open market.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication in the excerpt of a 10b5-1 plan or other special instructions.

Context
Tax-withholding dispositions are routine when options vest or restricted shares settle; they reduce reported holdings but are not the same as a voluntary sale for cash and therefore are typically less informative about the insider’s view of the company. This filing does not provide evidence of a market-driven sale by the insider.