Hershey CFO discloses 23,974-share stake
Hershey’s chief financial officer reports existing option awards and 23,974 common shares as his initial disclosed holdings.
Rhea-AI Filing Summary
HERSHEY CO (HSY) reported the initial holdings of Chief Financial Officer David Hulays. He holds non-qualified stock options giving the right to buy 4,665 shares of common stock at $147.98 per share expiring on February 22, 2031 and 2,635 shares at $99.90 per share expiring on February 19, 2028, all directly owned. He also directly owns 23,974 shares of common stock. The options have already vested according to prior multi-year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hulays David
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-qualified Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Non-qualified Stock Option (Right to Buy) F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualified Stock Option (Right to Buy) — 7,300 contracts (Direct);
Common Stock — 23,974 shares (Direct)
Footnotes (2)
- F1. The options vested according to the following schedule: 25% vested on February 23, 2022, 25% vested on February 23, 2023, 25% vested on February 23, 2024 and 25% vested on February 23, 2025.
- F2. The options vested according to the following schedule: 25% vested on February 20, 2019, 25% vested on February 20, 2020, 25% vested on February 20, 2021 and 25% vested on February 20, 2022.
Key Figures
Directly owned common shares: 23,974 shares
Option underlying shares at $147.98: 4,665 shares
Option exercise price (first grant): $147.98 per share
+5 more
8 metrics
Directly owned common shares
23,974 shares
Direct ownership position reported for Chief Financial Officer David Hulays
Option underlying shares at $147.98
4,665 shares
Non-qualified stock option exercisable at $147.98 per share expiring February 22, 2031
Option exercise price (first grant)
$147.98 per share
Non-qualified stock option on 4,665 shares of common stock
Option underlying shares at $99.90
2,635 shares
Non-qualified stock option exercisable at $99.90 per share expiring February 19, 2028
Option exercise price (second grant)
$99.90 per share
Non-qualified stock option on 2,635 shares of common stock
Option expiration (first grant)
February 22, 2031
Expiration date for the 4,665-share non-qualified stock option
Option expiration (second grant)
February 19, 2028
Expiration date for the 2,635-share non-qualified stock option
Annual vesting rate
25% per year
Each option grant vested in four equal annual installments over four years
Key Terms
Non-qualified Stock Option, vested, expiration date
3 terms
Non-qualified Stock Option financial
"Non-qualified Stock Option (Right to Buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
vested financial
"The options vested according to the following schedule"
expiration date financial
"expiration date: 2031-02-22"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filed for HSY disclose about David Hulays?
It discloses that Chief Financial Officer David Hulays holds vested non-qualified stock options on 7,300 shares of Hershey common stock and directly owns 23,974 common shares as his initial reported ownership position.
What stock options on HSY does the CFO hold and at what exercise prices?
He holds non-qualified options over 4,665 shares at an exercise price of $147.98 per share and 2,635 shares at an exercise price of $99.90 per share, all relating to Hershey common stock.
When do the CFO’s HSY stock options expire?
The reported non-qualified stock options expire on February 22, 2031 for the 4,665-share grant at $147.98 and on February 19, 2028 for the 2,635-share grant at $99.90.
Are the HSY stock options held by the CFO vested?
Yes. Footnotes state that each option grant vested 25% per year over four years, with vesting dates from 2019–2022 for one grant and 2022–2025 for the other, so the reported options are fully vested.
Does this HSY Form 3 report any new stock purchases or sales by the CFO?
No. The Form 3 reports holdings only: existing non-qualified stock options and 23,974 directly owned common shares, with no purchases, sales, or option exercises reported in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
