Hershey Co: 10% owner Hershey Trust Co sold 20,000 shares

What happened

• Hershey Trust Co, trustee in trust for Milton Hershey School (a 10% owner), sold 20,000 shares in open market or private sales on Oct 15 and Oct 16, 2026 for aggregate proceeds of $3,391,682. The filing lists the transactions as:
  • Oct 15, 2026: 207 shares at $166.97 for $34,563; 1,326 shares at $167.68 for $222,342; 7,181 shares at $168.59 for $1,210,672; 1,286 shares at $169.18 for $217,565.
  • Oct 16, 2026: 1,030 shares at $169.72 for $174,814; 7,457 shares at $170.66 for $1,272,609; 1,512 shares at $171.26 for $258,945; 1 share at $172.01 for $172.

Key details

• Transaction dates and prices: Oct 15, 2026 and Oct 16, 2026. Reported prices are weighted averages with reported ranges: $166.9600–$166.9900 (F1), $167.0000–$167.9900 (F2), $168.0250–$168.9986 (F3), $169.0206–$169.5700 (F4), $169.4782–$169.9627 (F5), $170.0100–$170.9950 (F6), $171.0000–$171.9409 (F7).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Other footnotes: F8 states Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for that trust. F9 describes Class B common stock as convertible share-for-share into common stock at any time with no expiration. F10 notes the conversion price equals the prior business day's market price.
• Filing date and report period: Form filed Oct 19, 2026; period of report Oct 15, 2026. The provided excerpt does not indicate late filing status.

Why it may matter

• Sale type: the filing reports open market or private sales (transaction code S); the filing does not indicate these were option exercises, gifts, or tax withholding.
• 10% owner: the reporting person is a 10% owner (a large holder), not an executive.
• The filing does not show why the insider traded or why the company acted.