Michele Buck - Nov 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
Nov 14, 2022
Transactions value $
-$2,690,186
Form type
4
Date filed
11/15/2022, 03:28 PM
Previous filing
Oct 18, 2022
Next filing
Dec 15, 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 +2.65% $105.96 165K Nov 14, 2022 Direct
transaction HSY Common Stock Sale -$204K -932 -0.57% $218.68 164K Nov 14, 2022 Direct F1, F2
transaction HSY Common Stock Sale -$230K -1.05K -0.64% $219.97 163K Nov 14, 2022 Direct F1, F3
transaction HSY Common Stock Sale -$369K -1.67K -1.03% $221.06 161K Nov 14, 2022 Direct F1, F4
transaction HSY Common Stock Sale -$111K -500 -0.31% $221.88 161K Nov 14, 2022 Direct F1, F5
transaction HSY Common Stock Sale -$22.3K -100 -0.06% $222.68 161K Nov 14, 2022 Direct F1
transaction HSY Common Stock Sale -$449K -2.05K -1.28% $218.60 159K Nov 14, 2022 Direct F1, F6
transaction HSY Common Stock Sale -$440K -2K -1.26% $219.80 157K Nov 14, 2022 Direct F1, F7
transaction HSY Common Stock Sale -$796K -3.6K -2.3% $220.84 153K Nov 14, 2022 Direct F1, F8
transaction HSY Common Stock Sale -$393K -1.77K -1.16% $221.48 151K Nov 14, 2022 Direct F1, F9
transaction HSY Common Stock Sale -$127K -570 -0.38% $222.51 151K Nov 14, 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 -4.25K -11.11% $0.00 34K Nov 14, 2022 Common Stock 4.25K $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.