HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL - 24 May 2023 Form 4 Insider Report for HERSHEY CO (HSY)

Role
10%+ Owner
Signature
Derek Holjes, VP Finance Hershey Trust Co Trustee in Trust for Milton Hershey School
Issuer symbol
HSY
Transactions as of
24 May 2023
Transactions value $
$0
Form type
4
Filing time
26 May 2023, 16:12:36 UTC
Previous filing
15 Feb 2023
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock, $1.00 par value Conversion of derivative security $656M +2.5M $262.47 2.5M 24 May 2023 Direct F1
holding HSY Common Stock, $1.00 par value 39.6K 24 May 2023 By Hershey Trust Company F2

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
transaction HSY Class B Common Stock, $1.00 par value Conversion of derivative security -$656M -2.5M -4.38% $262.47 54.6M 24 May 2023 Common Stock, $1.00 par value 2.5M $262.47 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received upon conversion of Class B common stock. The conversion price is the market price at the time of conversion and represents the closing price on 5/24/2023.
F2 Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F3 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.
F4 The conversion price is the market price at the time of conversion and represents the closing price on 5/24/2023.