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

Signature
/s/ Lauren H. Lacey, Agent for Michele G. Buck
Stock symbol
HSY
Transactions as of
Dec 14, 2022
Transactions value $
-$2,933,969
Form type
4
Date filed
12/15/2022, 03:20 PM
Previous filing
Nov 15, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock Options Exercise $450K +4.25K +2.82% $105.96 155K Dec 14, 2022 Direct
transaction HSY Common Stock Sale -$310K -1.31K -0.85% $236.07 153K Dec 14, 2022 Direct F1, F2
transaction HSY Common Stock Sale -$175K -738 -0.48% $237.06 153K Dec 14, 2022 Direct F1, F3
transaction HSY Common Stock Sale -$453K -1.9K -1.24% $238.44 151K Dec 14, 2022 Direct F1, F4
transaction HSY Common Stock Sale -$71.7K -300 -0.2% $238.96 151K Dec 14, 2022 Direct F1, F5
transaction HSY Common Stock Sale -$779K -3.3K -2.19% $236.13 147K Dec 14, 2022 Direct F1, F6
transaction HSY Common Stock Sale -$334K -1.41K -0.96% $236.94 146K Dec 14, 2022 Direct F1, F7
transaction HSY Common Stock Sale -$760K -3.19K -2.19% $238.30 143K Dec 14, 2022 Direct F1, F8
transaction HSY Common Stock Sale -$501K -2.1K -1.47% $238.78 141K Dec 14, 2022 Direct F1, F9

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 -12.5% $0.00 29.8K Dec 14, 2022 Common Stock 4.25K $105.96 Direct F10
* 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 August 16, 2022.
F2 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $235.430 to $236.340. 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 $236.590 to $237.480. 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 $237.870 to $238.790. 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 $238.920 to $239.000. 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.
F6 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $235.570 to $236.510. 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 $236.570 to $237.370. 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 $237.570 to $238.560. 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 $238.580 to $239.070. 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.
F10 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.