SEC Form 4 · accession 0000950142-26-002557

HERSHEY CO · HSY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL

10% Owner

Period of report

Sep 14, 2026

Accepted (ET)

Sep 16, 2026 · 5:15 pm EDT

Rule 10b5-1 plan

yes — trade under a plan

Issuer CIK

0000047111

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, $1.00 par value^F1	Sep 14, 2026	S	4,390	$173.8061	D	811,729	D
Common Stock, $1.00 par value^F2	Sep 14, 2026	S	3,993	$174.5004	D	807,736	D
Common Stock, $1.00 par value^F3	Sep 14, 2026	S	1,214	$175.4529	D	806,522	D
Common Stock, $1.00 par value^F4	Sep 14, 2026	S	203	$176.3851	D	806,319	D
Common Stock, $1.00 par value^F5	Sep 14, 2026	S	200	$177.6723	D	806,119	D
Common Stock, $1.00 par value^F6	Sep 15, 2026	S	400	$169.7305	D	805,719	D
Common Stock, $1.00 par value^F7	Sep 15, 2026	S	6,586	$170.4637	D	799,133	D
Common Stock, $1.00 par value^F8	Sep 15, 2026	S	2,198	$171.3769	D	796,935	D
Common Stock, $1.00 par value^F9	Sep 15, 2026	S	676	$172.3273	D	796,259	D
Common Stock, $1.00 par value^F10	Sep 15, 2026	S	140	$173.10	D	796,119	D
Common Stock, $1.00 par value^F11	Sep 16, 2026	S	3,299	$170.8128	D	792,820	D
Common Stock, $1.00 par value^F12	Sep 16, 2026	S	4,135	$171.5408	D	788,685	D
Common Stock, $1.00 par value^F13	Sep 16, 2026	S	2,566	$172.2141	D	786,119	D
Common Stock, $1.00 par value^F14	holding	—	—		—	39,630	I	By Hershey Trust Company

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock, $1.00 par value^F16,F15	—	holding	—	—	—	—	—	Common Stock, $1.00 par value	54,612,012	54,612,012	D

Explanation of responses

F1The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.5478 to $173.9900, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F10The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0000 to $173.2800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F11The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.7200 to $170.9931, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F12The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0100 to $171.9923, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F13The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0012 to $172.6230, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F14Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F15All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
F16The conversion price is the market price of the Common Stock on the previous business day.
F2The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0150 to $174.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0150 to $175.9850, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0600 to $176.4000, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.5700 to $177.7300, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F6The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.4836 to $169.9754, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F7The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0042 to $170.9954, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F8The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0033 to $171.9463, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F9The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0000 to $172.7447, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.