Hershey Trust Co Trustee In Trust For Milton Hershey School - Jul 13, 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role
10%+ Owner
Signature
Charity Rosenberry, VP Finance Hershey Trust Co Trustee in Trust for Milton Hershey School
Stock symbol
HSY
Transactions as of
Jul 13, 2022
Transactions value $
-$5,268,379
Form type
4
Date filed
7/15/2022, 04:28 PM
Previous filing
Jul 13, 2022
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock, $1.00 par value Sale -$5.27M -23.8K -12.47% $221.24 167K Jul 13, 2022 Direct F1, F2
holding HSY Common Stock, $1.00 par value 48.2K Jul 13, 2022 By Hershey Trust Company F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding HSY Class B Common Stock, $1.00 par value 58.1M Jul 13, 2022 Common Stock, $1.00 par value 58.1M $217.87 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 24, 2022. Accordingly, the reporting person had no discretion with regard to the timing of the transactions.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $221.00 to $221.71, 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 Hershey Trust Company is wholly owned by the Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F4 All shares of Class B common stock, $1.00 par value, are 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.
F5 Conversion price is the current market price ($217.87 represents the closing price on 7/14/2022).