Hershey CFO Steven Voskuil Sells 950 Shares for $171,000
Key Points
950 shares were sold at $180 per share for a total transaction value of $171,000 on August 5, 2026.
The disposal reduced direct equity holdings by 2%.
The transaction was executed under a Rule 10b5-1 trading plan established on May 5, 2026.
The insider maintains a direct position of 52,245 shares valued at $9.38 million as of the August 5, 2026 market close.
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Steven E. Voskuil, SVP, Chief Financial Officer of The Hershey Company (NYSE:HSY), sold 950 shares of common stock on Aug. 5, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $171,000 |
| Shares sold (directly held) | 950 |
| Post-transaction shares (directly held) | 52,245 |
| Post-transaction value | $9.38 million |
Transaction value based on SEC Form 4 weighted average sale price ($180.00); post-transaction value based on August 05, 2026, market close ($179.58).
Key questions
- What was the regulatory context of this disposal?
The transaction was non-discretionary at the time of execution, occurring under a Rule 10b5-1 trading plan adopted by Steven E. Voskuil approximately three months earlier, which provided for pre-scheduled liquidity. - How does this move impact the insider's total equity exposure?
Despite the sale, Steven E. Voskuil retains a substantial direct stake in the company, with the 950 shares sold representing a minority portion of his total 52,245-share position. - What are the fundamental indicators for the company at the time of this filing?
As of the Aug. 5, 2026 market close, the company reported a trailing-twelve-month (TTM) revenue of $12.2 billion and net income of $1.5 billion, while the stock has delivered a -2% one-year total return as of the transaction date.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-05) | $179.58 |
| Market Capitalization | $37.1 billion |
| Revenue (TTM) | $12.2 billion |
| Net Income (TTM) | $1.5 billion |
Company Snapshot
- The Hershey Company manufactures and distributes a comprehensive portfolio of confectionery products and salty snacks, generating revenue through three primary business segments: North America Confectionery, North America Salty Snacks, and International operations.
- The company operates a vertically integrated business model that encompasses manufacturing, distribution, and retail partnerships across the United States and international markets, capturing margin throughout the value chain from production to the point of sale.
- The company serves retail customers, including grocery chains, convenience stores, and mass merchandisers, as well as direct-to-consumer channels, with products positioned across mainstream and premium confectionery categories targeting broad demographic segments.
The Hershey Company represents a leading global confectionery manufacturer with a market capitalization of $37.1 billion and TTM revenues of $12.2 billion, demonstrating substantial scale within the consumer defensive sector.
The company leverages iconic brand portfolios and diversified product offerings across confectionery and salty snacks to maintain competitive positioning and drive consistent cash generation.
With 19,595 employees and operations spanning North America and international markets, Hershey maintains a strategic advantage through brand recognition, distribution infrastructure, and category leadership in premium and mainstream confectionery segments.
What this transaction means for investors
This sale shouldn’t concern investors. It represented roughly 2% of the executive’s stake in the company’s stock.
Moreover, the transaction was completed under a Rule 10b5-1 plan, which insiders routinely use to make trades in their stock holdings to avoid the appearance of acting on material non-public information.
Hershey’s TTM revenue grew 7.7% year over year, while adjusted earnings per share fell 13% to $7.26. Demand across the company’s confectionery and snack brands remains solid. The fall in earnings reflects supply chain challenges and higher transportation costs, which may be short-term and will eventually turn around in Hershey’s favor.
Management sees a “robust runway for growth” in core brands. Investors may look at the recent dip in the shares as a buying opportunity.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hershey. The Motley Fool has a disclosure policy.
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