Michele Buck - 14 Oct 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 Oct 2022
Net transactions value: -$2,742,901
Form type: 4
Filing time: 18 Oct 2022, 16:12:44 UTC
Previous filing: 15 Sep 2022
Next filing: 15 Nov 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	+2.5%	$105.96	174,805	14 Oct 2022	Direct
transaction	HSY	Common Stock	Sale	$252,644	-1,135	-0.65%	$222.59	173,670	14 Oct 2022	Direct	F1, F2
transaction	HSY	Common Stock	Sale	$369,874	-1,656	-0.95%	$223.35	172,014	14 Oct 2022	Direct	F1, F3
transaction	HSY	Common Stock	Sale	$89,922	-400	-0.23%	$224.80	171,614	14 Oct 2022	Direct	F1, F4
transaction	HSY	Common Stock	Sale	$113,560	-503	-0.29%	$225.76	171,111	14 Oct 2022	Direct	F1, F5
transaction	HSY	Common Stock	Sale	$68,026	-300	-0.18%	$226.75	170,811	14 Oct 2022	Direct	F1, F6
transaction	HSY	Common Stock	Sale	$58,284	-256	-0.15%	$227.67	170,555	14 Oct 2022	Direct	F1, F7
transaction	HSY	Common Stock	Sale	$468,186	-2,105	-1.2%	$222.42	168,450	14 Oct 2022	Direct	F1, F8
transaction	HSY	Common Stock	Sale	$970,965	-4,348	-2.6%	$223.31	164,102	14 Oct 2022	Direct	F1, F9
transaction	HSY	Common Stock	Sale	$179,179	-798	-0.49%	$224.54	163,304	14 Oct 2022	Direct	F1, F10
transaction	HSY	Common Stock	Sale	$274,420	-1,217	-0.75%	$225.49	162,087	14 Oct 2022	Direct	F1, F11
transaction	HSY	Common Stock	Sale	$158,377	-699	-0.43%	$226.58	161,388	14 Oct 2022	Direct	F1, F12
transaction	HSY	Common Stock	Sale	$189,794	-833	-0.52%	$227.84	160,555	14 Oct 2022	Direct	F1, F13

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	-10%	$0.000000	38,255	14 Oct 2022	Common Stock	4,250	$105.96	Direct	F14

* 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 $222.020 to $223.000. 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 $223.030 to $223.930. 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 $224.320 to $225.230. 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.
F5	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.410 to $226.390. 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	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.420 to $226.950. 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.
F7	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $227.520 to $227.900. 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.
F8	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $221.790 to $222.680. 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.
F9	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $222.950 to $223.920. 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.
F10	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $223.970 to $224.920. 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.
F11	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.110 to $226.010. 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.
F12	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.240 to $226.950. 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.
F13	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $227.520 to $228.280. 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.
F14	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.