Michele Buck - Feb 14, 2023 Form 4 Insider Report for HERSHEY CO (HSY)

Signature
/s/ Lauren H. Lacey, Agent for Michele G. Buck
Stock symbol
HSY
Transactions as of
Feb 14, 2023
Transactions value $
-$2,971,946
Form type
4
Date filed
2/15/2023, 03:14 PM
Previous filing
Jan 19, 2023
Next filing
Feb 23, 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 +3.26% $105.96 135K Feb 14, 2023 Direct
transaction HSY Common Stock Sale -$260K -1.09K -0.81% $239.30 134K Feb 14, 2023 Direct F1, F2
transaction HSY Common Stock Sale -$640K -2.66K -1.99% $240.28 131K Feb 14, 2023 Direct F1, F3
transaction HSY Common Stock Sale -$121K -500 -0.38% $241.31 131K Feb 14, 2023 Direct F1, F4
transaction HSY Common Stock Sale -$335K -1.4K -1.07% $239.33 129K Feb 14, 2023 Direct F1, F5
transaction HSY Common Stock Sale -$694K -2.89K -2.24% $240.29 126K Feb 14, 2023 Direct F1, F6
transaction HSY Common Stock Sale -$172K -712 -0.56% $241.29 126K Feb 14, 2023 Direct F1, F7
transaction HSY Common Stock Sale -$369K -1.54K -1.23% $239.38 124K Feb 14, 2023 Direct F1, F8
transaction HSY Common Stock Sale -$654K -2.72K -2.19% $240.32 121K Feb 14, 2023 Direct F1, F9
transaction HSY Common Stock Sale -$178K -737 -0.61% $241.24 121K Feb 14, 2023 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 -16.66% $0.00 21.3K Feb 14, 2023 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 $238.850 to $239.450. 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.
F3 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $239.880 to $240.800. 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 $240.910 to $241.530. 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 $238.850 to $239.620. 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 $239.900 to $240.770. 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 $240.900 to $241.720. 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 $238.840 to $239.830. 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 $238.860 to $240.800. 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 $240.910 to $241.540. 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.