Hershey (HSY) Trustee for Milton Hershey School Sells Shares

What Happened

• Hershey Trust Company, as trustee for the Milton Hershey School Trust (a reported 10% owner), sold 20,000 shares of The Hershey Company (HSY) in open‑market transactions on August 27–28, 2026. The total proceeds were about $3,611,723.
• Individual blocks: 3,956 @ $180.72 ($714,948); 5,703 @ $181.41 ($1,034,554); 341 @ $182.23 ($62,139); 5,866 @ $179.41 ($1,052,414); 2,898 @ $180.34 ($522,614); 642 @ $181.40 ($116,457); 478 @ $182.64 ($87,302); 116 @ $183.58 ($21,295). Transaction code = S (sale).

Key Details

• Transaction dates: August 27–28, 2026. Form 4 filed August 31, 2026 (reporting period listed as 2026-08-27).
• Total shares sold: 20,000; total proceeds: ~$3.61 million.
• Prices reported as weighted averages; underlying trade price ranges spanned roughly $179.05 to $183.81 across the trades (see filing footnotes for precise ranges and per‑block details).
• Ownership after transaction: not stated in the excerpt provided.
• Notable footnotes: Hershey Trust Co. is trustee for the Milton Hershey School Trust (F9); certain entries reference Class B convertible shares and conversion pricing rules (F10–F11). The filing notes weighted‑average pricing and multiple executions for the reported blocks (F1–F8).
• Nature of filer: This is a 10% institutional/trust holder selling shares — not an executive insider trade.

Context

• Sales by large institutional holders or trusts can be for many non‑sentiment reasons (rebalancing, distributions, funding obligations); sales are common and not by themselves a directional signal.
• No option exercises, gifts, or awards were reported here — these were outright open‑market disposals (S).