HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4
4 · HERSHEY CO · Filed Jul 15, 2026
Research Summary
AI-generated summary of this filing
Hershey (HSY) 10% Owner Sells 30,000 Shares
What Happened
Hershey Trust Company, as trustee in trust for the Milton Hershey School (a reported 10% owner), sold a total of 30,000 shares of The Hershey Company (HSY) common stock in open‑market transactions between July 13 and July 15, 2026. The sales were executed in multiple tranches (10,000 shares each day) at weighted‑average prices across the trades, producing aggregate proceeds of approximately $5,175,854. This was a sale (S) transaction — typically routine for a large institutional holder and not necessarily a signal of management sentiment.
Key Details
- Transaction dates: July 13–15, 2026 (sales executed across three days: 10,000 shares each day).
- Shares sold: 30,000 total (10,000 on 7/13; 10,000 on 7/14; 10,000 on 7/15).
- Proceeds: ~$5,175,854 total (≈ $172.53–$177.64 reported as weighted averages across tranches; see footnotes for exact price ranges per lot).
- Filing: Form 4 filed July 15, 2026 (timely relative to the transaction dates).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Notable footnotes: Multiple footnotes (F1–F15) state that prices are weighted averages and list price ranges for individual tranches; F16 clarifies Hershey Trust Co. is the trustee for Milton Hershey School Trust (the 10% owner). No 10b5‑1 plan or other special instruction was disclosed in the provided text.
Context
This sale was by a 10% institutional owner (a trust), not an individual executive; such transactions are often part of institutional liquidity or trust management rather than a direct signal about company prospects. The filing includes weighted‑average price ranges for each tranche and offers to provide detailed execution prices on request.
Insider Transaction Report
Form 4
HERSHEY COHSY
Transactions
- Sale
Common Stock, $1.00 par value
[F1]2026-07-13$172.53/sh−252$43,478→ 1,255,867 total - Sale
Common Stock, $1.00 par value
[F2]2026-07-13$173.45/sh−231$40,067→ 1,255,636 total - Sale
Common Stock, $1.00 par value
[F3]2026-07-13$174.81/sh−891$155,756→ 1,254,745 total - Sale
Common Stock, $1.00 par value
[F4]2026-07-13$175.39/sh−4,585$804,180→ 1,250,160 total - Sale
Common Stock, $1.00 par value
[F5]2026-07-13$176.42/sh−3,500$617,463→ 1,246,660 total - Sale
Common Stock, $1.00 par value
[F6]2026-07-13$177.23/sh−541$95,880→ 1,246,119 total - Sale
Common Stock, $1.00 par value
[F7]2026-07-14$170.81/sh−1,928$329,323→ 1,244,191 total - Sale
Common Stock, $1.00 par value
[F8]2026-07-14$171.37/sh−7,873$1,349,185→ 1,236,318 total - Sale
Common Stock, $1.00 par value
[F9]2026-07-14$172.27/sh−67$11,542→ 1,236,251 total - Sale
Common Stock, $1.00 par value
[F10]2026-07-14$173.40/sh−41$7,109→ 1,236,210 total - Sale
Common Stock, $1.00 par value
[F11]2026-07-14$174.35/sh−91$15,866→ 1,236,119 total - Sale
Common Stock, $1.00 par value
[F12]2026-07-15$169.78/sh−2,091$355,015→ 1,234,028 total - Sale
Common Stock, $1.00 par value
[F13]2026-07-15$170.35/sh−4,916$837,465→ 1,229,112 total - Sale
Common Stock, $1.00 par value
[F14]2026-07-15$171.36/sh−2,305$394,982→ 1,226,807 total - Sale
Common Stock, $1.00 par value
[F15]2026-07-15$172.30/sh−688$118,543→ 1,226,119 total
Holdings
- 39,630(indirect: By Trust)
Common Stock, $1.00 par value
[F16] - 54,612,012
Class B Common Stock, $1.00 par value
[F18][F17]→ Common Stock, $1.00 par value (54,612,012 underlying)
Footnotes (18)
- [F1]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.3000 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.
- [F10]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0747 to $173.5200, 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 $174.2700 to $174.8200, 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]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.4400 to $169.9900, 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.
- [F13]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0000 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.
- [F14]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 $171.9650, 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.
- [F15]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0100 to $172.7400, 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.
- [F16]Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- [F17]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.
- [F18]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 $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.
- [F3]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0200 to $174.9956, 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 $175.0000 to $175.9900, 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.
- [F5]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0000 to $176.9650, 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 $177.0200 to $177.6400, 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 $170.1800 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.
- [F8]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 $171.9900, 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.
- [F9]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 $172.7400, 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|2026-07-15