Christopher M. Scalia - 25 Mar 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role: SVP, CHRO
Signature: /s/ Lauren H. Lacey, Agent for Christopher M. Scalia
Issuer symbol: HSY
Transactions as of: 25 Mar 2022
Net transactions value: -$614,594
Form type: 4
Filing time: 28 Mar 2022, 16:27:53 UTC
Previous filing: 24 Mar 2022
Next filing: 31 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSY	Common Stock	Sale	$149,163	-700	-6.3%	$213.09	10,408	25 Mar 2022	Direct	F1, F2
transaction	HSY	Common Stock	Sale	$278,130	-1,300	-12%	$213.95	9,108	25 Mar 2022	Direct	F1, F3
transaction	HSY	Common Stock	Sale	$76,641	-360	-4%	$212.89	8,748	25 Mar 2022	Direct	F1, F4
transaction	HSY	Common Stock	Sale	$255,472	-1,195	-14%	$213.78	7,553	25 Mar 2022	Direct	F1, F5
transaction	HSY	Common Stock	Sale	$19,724	-92	-1.2%	$214.39	7,461	25 Mar 2022	Direct	F1
transaction	HSY	Common Stock	Options Exercise	$164,535	+1,647	+22%	$99.90	9,108	25 Mar 2022	Direct

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	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-1,647	-100%	$0.000000^*	0	25 Mar 2022	Common Stock	1,647	$99.90	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2022.
F2	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $212.420 to $213.355. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
F3	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $213.570 to $214.250. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
F4	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $212.280 to $213.170. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
F5	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $213.280 to $214.230. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
F6	The options vested according to the following schedule: 25% vested on February 20, 2019, 25% vested on February 20, 2020, 25% vested on February 20, 2021 and 25% vested on February 20, 2022.