McCalman Jennifer 4

What Happened

• Jennifer McCalman, Vice President and Chief Accounting Officer of The Hershey Company (HSY), had 82 shares disposed of on March 19, 2026 to satisfy a tax obligation. The shares were valued at $210.58 each for a total of about $17,268. This transaction is reported under code F, indicating payment of an exercise price or tax liability (i.e., shares withheld for taxes), not an open-market sale.

Key Details

• Transaction date: 2026-03-19
• Disposal type: Code F — shares withheld/used to pay tax liability
• Price per share: $210.58; total value: ~$17,268
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing date: 2026-03-23 — filed within the typical Form 4 deadline (timely)
• No 10b5-1 plan or other trading-plan notation included in the provided details

Context

• Code F transactions are typically administrative: shares are surrendered or withheld to cover taxes from option exercises or restricted stock vesting. This is not the same as an open-market sale and generally does not signal a trading decision by the insider.