Turoff James 4

What Happened James Turoff, SVP, General Counsel & Secretary of The Hershey Company (HSY), had 407 shares withheld to satisfy tax withholding related to an equity award/exercise. The shares were valued at $210.58 each, for a total disposition of approximately $85,706. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-19
• Filing date: 2026-03-23 (filed within the Form 4 timing requirements)
• Price per share: $210.58
• Shares withheld/disposed: 407
• Total value withheld: ~$85,706
• Shares owned after transaction: not disclosed in the provided filing
• Footnote/transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes)

Context Code F typically means the insider surrendered or had shares withheld to cover tax obligations stemming from an option exercise or vesting of restricted stock. This is a routine administrative action and should not be read the same way as an open-market sale; it does not necessarily indicate a change in the insider’s view of the company.