HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4
4 · HERSHEY CO · Filed Apr 8, 2026
Research Summary
AI-generated summary of this filing
Hershey (HSY) 10% Owner Sells 30,000 Shares
What Happened
Hershey Trust Company, as trustee for the Milton Hershey School Trust (a >10% owner), sold a total of 30,000 Hershey Co. (HSY) shares in open‑market transactions between April 6 and April 8, 2026. The sales were executed across multiple trades (11 reported line items) at reported weighted‑average prices ranging roughly from $205.45 to $208.57, generating approximately $6,232,878 in proceeds. Trades were recorded as sales (code S).
Key Details
- Transaction dates and per‑lot detail (weighted‑average prices shown in filing):
- 2026-04-06: 85 @ $205.45; 500 @ $206.63; 7,681 @ $207.68; 1,734 @ $208.27 — total 10,000 shares (~$2.08M)
- 2026-04-07: 17 @ $205.98; 4,514 @ $206.71; 4,006 @ $207.52; 1,463 @ $208.41 — total 10,000 shares (~$2.07M)
- 2026-04-08: 416 @ $206.77; 2,142 @ $207.63; 7,442 @ $208.57 — total 10,000 shares (~$2.08M)
- Aggregate: 30,000 shares sold for about $6.23 million.
- Notable footnotes: prices are reported as weighted averages; the filing includes ranges of actual trade prices and an undertaking to provide per‑trade price details on request. Hershey Trust Co. is wholly owned by the Milton Hershey School Trust and acts as trustee.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Timeliness: Form 4 was filed on April 8, 2026 for transactions occurring April 6–8, 2026 — appears to be a timely filing (Form 4 is generally due within two business days).
Context
- The seller is an institutional/charitable trust (10% owner) acting as trustee, not an individual company executive. Institutional sales can reflect portfolio or trust management needs rather than insider views on company prospects.
- All reported trades are sales (not option exercises, awards, or gifts). Footnotes indicate the filing reports weighted average prices because multiple executions occurred at different prices.
Insider Transaction Report
Form 4
HERSHEY COHSY
Transactions
- Sale
Common Stock, $1.00 par value
2026-04-06$205.45/sh−85$17,463→ 1,926,034 total - Sale
Common Stock, $1.00 par value
[F1]2026-04-06$206.63/sh−500$103,316→ 1,925,534 total - Sale
Common Stock, $1.00 par value
[F2]2026-04-06$207.68/sh−7,681$1,595,209→ 1,917,853 total - Sale
Common Stock, $1.00 par value
[F3]2026-04-06$208.27/sh−1,734$361,132→ 1,916,119 total - Sale
Common Stock, $1.00 par value
[F4]2026-04-07$205.98/sh−17$3,502→ 1,916,102 total - Sale
Common Stock, $1.00 par value
[F5]2026-04-07$206.71/sh−4,514$933,071→ 1,911,588 total - Sale
Common Stock, $1.00 par value
[F6]2026-04-07$207.52/sh−4,006$831,322→ 1,907,582 total - Sale
Common Stock, $1.00 par value
[F7]2026-04-07$208.41/sh−1,463$304,899→ 1,906,119 total - Sale
Common Stock, $1.00 par value
[F8]2026-04-08$206.77/sh−416$86,017→ 1,905,703 total - Sale
Common Stock, $1.00 par value
[F9]2026-04-08$207.63/sh−2,142$444,745→ 1,903,561 total - Sale
Common Stock, $1.00 par value
[F10]2026-04-08$208.57/sh−7,442$1,552,202→ 1,896,119 total
Holdings
- 39,630(indirect: By Trust)
Common Stock, $1.00 par value
[F11] - 54,612,012
Class B Common Stock, $1.00 par value
[F13][F12]→ Common Stock, $1.00 par value (54,612,012 underlying)
Footnotes (13)
- [F1]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.3200 to $206.9900, 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.
- [F10]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.0200 to $208.9900, 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.
- [F11]Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- [F12]All 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.
- [F13]The conversion price is the market price of the Common Stock on the previous business day.
- [F2]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $207.0100 to $207.9900, 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.
- [F3]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.0000 to $208.7300, 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.
- [F4]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $205.9700 to $205.9800, 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.
- [F5]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.0000 to $206.9900, 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.
- [F6]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $207.0000 to $207.9900, 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.
- [F7]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.0000 to $208.8800, 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.
- [F8]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.2700 to $206.9500, 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.
- [F9]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $207.0511 to $207.9949, 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.
Signature
/s/ Joshua D. Shannon, Deputy CIO|2026-04-08