Bhatia Deepak 4

What Happened
Deepak Bhatia, Senior Vice President and Chief Technology Officer at The Hershey Company (HSY), disposed of 508 shares on March 19, 2026. The shares were reported as surrendered to satisfy a tax liability (transaction code F) at a per-share value of $210.58, totaling about $106,975. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-03-19; reported on Form 4 filed 2026-03-23.
• Price: $210.58 per share; 508 shares surrendered; total value ≈ $106,975.
• Transaction code F: payment of exercise price or tax liability (shares withheld for taxes).
• Shares owned after the transaction: not specified in the provided filing summary — see the full Form 4 for "Amount Owned Following Reported Transaction."
• No indication in this record of an open-market sale or a 10b5-1 plan.

Context
Code F typically reflects routine tax withholding after an option exercise or restricted stock vesting (shares are surrendered to cover taxes). Such transactions reduce reported share count but are common and do not necessarily signal a change in the insider’s view of the company. Purchases or open-market sales are usually more informative about insider sentiment; this filing documents a withholding event.