Michele Buck - 14 Sep 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role: Chairman, President and CEO, Director
Signature: /s/ Lauren H. Lacey, Agent for Michele G. Buck
Issuer symbol: HSY
Transactions as of: 14 Sep 2022
Net transactions value: -$2,711,194
Form type: 4
Filing time: 15 Sep 2022, 17:20:06 UTC
Previous filing: 08 Jul 2022
Next filing: 18 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	Options Exercise	$450,330	+4,250	+2.4%	$105.96	184,805	14 Sep 2022	Direct
transaction	HSY	Common Stock	Sale	$367,397	-1,653	-0.89%	$222.26	183,152	14 Sep 2022	Direct	F1, F2
transaction	HSY	Common Stock	Sale	$575,490	-2,597	-1.4%	$221.60	180,555	14 Sep 2022	Direct	F1, F3
transaction	HSY	Common Stock	Sale	$1,751,548	-7,900	-4.4%	$221.72	172,655	14 Sep 2022	Direct	F1, F4
transaction	HSY	Common Stock	Sale	$467,088	-2,100	-1.2%	$222.42	170,555	14 Sep 2022	Direct	F1, F5

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	-4,250	-9.1%	$0.000000	42,505	14 Sep 2022	Common Stock	4,250	$105.96	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 August 16, 2022.
F2	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $221.980 to $222.910. 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 $220.980 to $221.960. 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 $221.160 to $222.090. 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 $222.160 to $223.060. 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 18, 2015, 25% vested on February 18, 2016, 25% vested on February 18, 2017 and 25% vested on February 18, 2018.