HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4
4 · HERSHEY CO · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
HERSHEY (HSY) Trustee 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 Hershey Co. (HSY) shares in open-market transactions on July 9–10, 2026. The sales were executed in multiple blocks with reported weighted-average prices of $170.96, $171.52, $172.43, $173.21, $171.79, $172.43, $173.59 and $174.11, for a combined proceeds of approximately $3,447,687 (about $172.39 per share on average). These were sales (not purchases), which are often routine for large institutional holders and do not by themselves indicate company performance.
Key Details
- Transaction dates: July 9–10, 2026.
- Shares sold: 20,000 total (individual blocks: 338; 6,389; 2,665; 608; 1,031; 4,444; 3,869; 656).
- Reported weighted-average prices by block: $170.96, $171.52, $172.43, $173.21, $171.79, $172.43, $173.59, $174.11 (overall avg ≈ $172.39).
- Total proceeds: ≈ $3,447,687.
- Shares owned after transaction: not stated in the provided filing details.
- Footnotes: each block’s price is a weighted average across multiple executions (reported ranges ~ $170.92 up to $174.25). Footnote confirms Hershey Trust Co. is trustee for Milton Hershey School Trust (the Trust is the beneficial owner).
- Filing timeliness: filed July 10, 2026 — appears timely under Form 4 reporting rules (no late filing indicated).
Context
- The seller is a 10% institutional/trust holder (Milton Hershey School Trust via its trustee), not an individual company executive; institutional trust sales can reflect cash-management needs rather than insider sentiment about the company.
- These were open-market sales (code S). No options exercised, awards, or gifts were reported in this filing.
Insider Transaction Report
Form 4
HERSHEY COHSY
Transactions
- Sale
Common Stock, $1.00 par value
[F1]2026-07-09$170.96/sh−338$57,783→ 1,275,781 total - Sale
Common Stock, $1.00 par value
[F2]2026-07-09$171.52/sh−6,389$1,095,839→ 1,269,392 total - Sale
Common Stock, $1.00 par value
[F3]2026-07-09$172.43/sh−2,665$459,532→ 1,266,727 total - Sale
Common Stock, $1.00 par value
[F4]2026-07-09$173.21/sh−608$105,312→ 1,266,119 total - Sale
Common Stock, $1.00 par value
[F5]2026-07-10$171.79/sh−1,031$177,119→ 1,265,088 total - Sale
Common Stock, $1.00 par value
[F6]2026-07-10$172.43/sh−4,444$766,283→ 1,260,644 total - Sale
Common Stock, $1.00 par value
[F7]2026-07-10$173.59/sh−3,869$671,600→ 1,256,775 total - Sale
Common Stock, $1.00 par value
[F8]2026-07-10$174.11/sh−656$114,219→ 1,256,119 total
Holdings
- 39,630(indirect: By Trust)
Common Stock, $1.00 par value
[F9] - 54,612,012
Class B Common Stock, $1.00 par value
[F11][F10]→ Common Stock, $1.00 par value (54,612,012 underlying)
Footnotes (11)
- [F1]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.9200 to $170.9900, 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]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.
- [F11]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 $171.0000 to $171.9959, 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 $172.0000 to $172.9600, 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.
- [F4]The 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 $173.7500, 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 $171.3900 to $171.9800, 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.
- [F6]The 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 $172.9900, 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 $173.0000 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.
- [F8]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0000 to $174.2500, 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]Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
Signature
/s/ Joshua D. Shannon, Deputy CIO|2026-07-10