Michele Buck - 14 Nov 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 Nov 2022
Net transactions value: -$2,690,186
Form type: 4
Filing time: 15 Nov 2022, 15:28:48 UTC
Previous filing: 18 Oct 2022
Next filing: 15 Dec 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	+2.6%	$105.96	164,805	14 Nov 2022	Direct
transaction	HSY	Common Stock	Sale	$203,811	-932	-0.57%	$218.68	163,873	14 Nov 2022	Direct	F1, F2
transaction	HSY	Common Stock	Sale	$230,309	-1,047	-0.64%	$219.97	162,826	14 Nov 2022	Direct	F1, F3
transaction	HSY	Common Stock	Sale	$369,386	-1,671	-1%	$221.06	161,155	14 Nov 2022	Direct	F1, F4
transaction	HSY	Common Stock	Sale	$110,940	-500	-0.31%	$221.88	160,655	14 Nov 2022	Direct	F1, F5
transaction	HSY	Common Stock	Sale	$22,268	-100	-0.06%	$222.68	160,555	14 Nov 2022	Direct	F1
transaction	HSY	Common Stock	Sale	$448,780	-2,053	-1.3%	$218.60	158,502	14 Nov 2022	Direct	F1, F6
transaction	HSY	Common Stock	Sale	$439,604	-2,000	-1.3%	$219.80	156,502	14 Nov 2022	Direct	F1, F7
transaction	HSY	Common Stock	Sale	$795,907	-3,604	-2.3%	$220.84	152,898	14 Nov 2022	Direct	F1, F8
transaction	HSY	Common Stock	Sale	$392,684	-1,773	-1.2%	$221.48	151,125	14 Nov 2022	Direct	F1, F9
transaction	HSY	Common Stock	Sale	$126,828	-570	-0.38%	$222.50	150,555	14 Nov 2022	Direct	F1, F10

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	-11%	$0.000000	34,005	14 Nov 2022	Common Stock	4,250	$105.96	Direct	F11

* 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 $218.340 to $219.190. 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 $219.570 to $220.450. 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 $220.600 to $221.390. 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.
F5	This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $221.600 to $222.470. 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 $218.140 to $219.070. 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 $219.170 to $220.14. 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 $220.250 to $221.220. 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 $221.260 to $221.780. 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 $222.260 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.
F11	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.