Hershey (HSY) Trustee for Milton Hershey School Sells 30,000 Shares

What Happened

• Hershey Trust Co., as trustee for the Milton Hershey School Trust (a reported 10% owner), sold a total of 30,000 shares of The Hershey Company (HSY) in open-market transactions between Aug 31 and Sep 2, 2026. The sales generated total proceeds of approximately $5,307,308. Individual trades used weighted-average prices reported between about $175.51 and $179.20 per share across the transactions.
• These were outright sales (code S on the Form 4), which are generally routine dispositions by a trustee/institutional holder and do not by themselves indicate insider sentiment.

Key Details

• Transaction dates: Aug 31, 2026; Sep 1, 2026; Sep 2, 2026.
• Total sold: 30,000 shares for total proceeds ≈ $5,307,308.
• Price range reported across grouped trades: approximately $175.51 to $179.20 per share; many line items list weighted-average prices with footnote ranges (see filing footnotes F1–F13).
• Insider role: Hershey Trust Company, trustee for Milton Hershey School Trust (F14) — a 10% owner (institutional trustee, not an executive).
• Shares owned after transaction: not specified in the summary data provided.
• Filing timeliness: Form filed Sep 2, 2026 for transactions Aug 31–Sep 2; no late-filing indication in the provided data.
• Notable footnotes: Multiple footnotes (F1–F13) state the reported prices are weighted averages and that the filer can provide a breakdown of the number of shares sold at each specific price within the stated ranges upon request.

Context

• This is institutional trustee selling (10% owner) rather than an executive purchase — such sales can be for trust/institutional needs and are not the same signal as insider purchases by management.
• No options exercises, gifts, or awards are involved — these were straight open-market sales (S).