Hershey Co: 10% owner Hershey Trust Co sold 30,000 shares

What happened

• Hershey Trust Co, trustee in trust for Milton Hershey School (reported as a 10% owner), sold a total of 30,000 shares in open-market transactions on Oct 12–14, 2026. The trades were completed in multiple lots at prices reported by the filing as weighted averages, with individual reported lot prices between $160.82 and $165.0353. The total cash proceeds reported were $4,899,328.

Key details

• Transaction dates and prices: sales occurred Oct 12, 2026; Oct 13, 2026; and Oct 14, 2026. Reported lot prices (weighted averages) include $160.84, $161.68, $162.25, $163.63, $164.04, $162.81, $163.25, $164.27, $165.21, $161.95, $162.51, $163.67, $164.28 and $165.02; footnotes show detailed per-lot price ranges overall from $160.8200 to $165.0353.
• Shares owned after the transaction: the filing does not report shares owned after these transactions.
• Relevant footnotes: the filing notes the reported prices are weighted averages and offers to provide the number of shares sold at each separate price upon request (see footnotes F1–F12). Footnote F13 identifies Hershey Trust Company as wholly owned by Milton Hershey School Trust and acting as trustee. Footnotes F14–F15 reference Class B common stock conversion details.
• Filing timeliness: Form 4 was filed Oct 14, 2026; the filing does not indicate it was late.

Why it may matter

• These were open-market sales (transaction code S). The filing does not report any option exercises, gifts, awards, or tax-withholding events related to these sales.
• The seller is reported as a 10% owner (a large holder) and not identified as an executive officer in the filing.
• A filing does not show why the insider traded or why the company acted.