HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4
4 · HERSHEY CO · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Hershey (HSY) 10% Holder Sells 20,000 Shares
What Happened
- Hershey Trust Company, as trustee for the Milton Hershey School Trust (a >10% holder), sold a total of 20,000 shares of The Hershey Company (HSY) in open-market transactions on April 9 and April 10, 2026. The sales generated aggregate proceeds of approximately $4,149,204 — roughly $207.46 per share on average. Individual lots were sold at various prices (roughly $202.27–$210.84 per share) across multiple trades and price ranges as detailed in the filing.
Key Details
- Transaction type: Open-market sales (S).
- Dates: April 9–10, 2026 (filed with the SEC on April 13, 2026).
- Total shares sold: 20,000; total proceeds: ~$4,149,204; weighted average ~ $207.46/share.
- Notable footnotes: Several lots report weighted-average price ranges (see filing footnotes F1–F11). F12 confirms Hershey Trust Co. is trustee for the Milton Hershey School Trust. Footnotes F13–F14 describe Class B share convertibility rules referenced in the filing.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Timeliness: Report filed Apr 13, 2026 covering Apr 9–10 trades; the filing itself does not include a late-filing notation in the provided information.
Context
- This seller is an institutional/beneficial owner (the school trust), not a company executive — such sales are often for trust or liquidity management and do not necessarily signal management views on the company’s outlook.
- Because these were open-market sales (not option exercises, gifts, or awards), they represent outright disposition of shares rather than derivative activity.
Insider Transaction Report
Form 4
HERSHEY COHSY
Transactions
- Sale
Common Stock, $1.00 par value
2026-04-09$207.60/sh−82$17,023→ 1,896,037 total - Sale
Common Stock, $1.00 par value
[F1]2026-04-09$208.95/sh−125$26,118→ 1,895,912 total - Sale
Common Stock, $1.00 par value
[F2]2026-04-09$209.44/sh−2,531$530,104→ 1,893,381 total - Sale
Common Stock, $1.00 par value
[F3]2026-04-09$210.54/sh−7,262$1,528,936→ 1,886,119 total - Sale
Common Stock, $1.00 par value
[F4]2026-04-10$202.45/sh−3,765$762,234→ 1,882,354 total - Sale
Common Stock, $1.00 par value
[F5]2026-04-10$203.46/sh−531$108,036→ 1,881,823 total - Sale
Common Stock, $1.00 par value
[F6]2026-04-10$204.63/sh−734$150,200→ 1,881,089 total - Sale
Common Stock, $1.00 par value
[F7]2026-04-10$205.65/sh−2,178$447,900→ 1,878,911 total - Sale
Common Stock, $1.00 par value
[F8]2026-04-10$206.38/sh−1,630$336,401→ 1,877,281 total - Sale
Common Stock, $1.00 par value
[F9]2026-04-10$207.81/sh−853$177,264→ 1,876,428 total - Sale
Common Stock, $1.00 par value
[F10]2026-04-10$208.33/sh−26$5,417→ 1,876,402 total - Sale
Common Stock, $1.00 par value
[F11]2026-04-10$210.50/sh−283$59,571→ 1,876,119 total
Holdings
- 39,630(indirect: By Trust)
Common Stock, $1.00 par value
[F12] - 54,612,012
Class B Common Stock, $1.00 par value
[F14][F13]→ Common Stock, $1.00 par value (54,612,012 underlying)
Footnotes (14)
- [F1]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.9104 to $208.9694, 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 $208.3294 to $208.3294, 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]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $210.3700 to $210.7900, 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.
- [F12]Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- [F13]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.
- [F14]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 $209.0000 to $209.9984, 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 $210.0128 to $210.8400, 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 $202.2700 to $202.8999, 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 $203.0458 to $203.8248, 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 $204.0521 to $204.9600, 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 $205.0049 to $205.9963, 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 $206.0010 to $206.8878, 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 $207.0072 to $207.9963, 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|2026-04-13