Michele Buck - Sep 14, 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
Stock symbol
HSY
Transactions as of
Sep 14, 2022
Transactions value $
-$2,711,194
Form type
4
Date filed
9/15/2022, 05:20 PM
Previous filing
Jul 8, 2022
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock Options Exercise $450K +4.25K +2.35% $105.96 185K Sep 14, 2022 Direct
transaction HSY Common Stock Sale -$367K -1.65K -0.89% $222.26 183K Sep 14, 2022 Direct F1, F2
transaction HSY Common Stock Sale -$575K -2.6K -1.42% $221.60 181K Sep 14, 2022 Direct F1, F3
transaction HSY Common Stock Sale -$1.75M -7.9K -4.38% $221.72 173K Sep 14, 2022 Direct F1, F4
transaction HSY Common Stock Sale -$467K -2.1K -1.22% $222.42 171K Sep 14, 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 -4.25K -9.09% $0.00 42.5K Sep 14, 2022 Common Stock 4.25K $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.