Michele Buck - Mar 14, 2023 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
Mar 14, 2023
Transactions value $
-$2,983,366
Form type
4
Date filed
3/16/2023, 04:11 PM
Previous filing
Feb 28, 2023
Next filing
Mar 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 +2.6% $105.96 168K Mar 14, 2023 Direct
transaction HSY Common Stock Sale -$451K -1.88K -1.12% $240.43 166K Mar 14, 2023 Direct F1, F2
transaction HSY Common Stock Sale -$536K -2.22K -1.34% $241.37 164K Mar 14, 2023 Direct F1, F3
transaction HSY Common Stock Sale -$37.3K -154 -0.09% $242.03 163K Mar 14, 2023 Direct F1, F4
transaction HSY Common Stock Sale -$697K -2.9K -1.77% $240.45 161K Mar 14, 2023 Direct F1, F5
transaction HSY Common Stock Sale -$485K -2.01K -1.25% $241.47 159K Mar 14, 2023 Direct F1, F6
transaction HSY Common Stock Sale -$22.5K -93 -0.06% $242.14 158K Mar 14, 2023 Direct F1
transaction HSY Common Stock Sale -$479K -1.99K -1.26% $240.40 156K Mar 14, 2023 Direct F1, F7
transaction HSY Common Stock Sale -$676K -2.8K -1.79% $241.34 154K Mar 14, 2023 Direct F1, F8
transaction HSY Common Stock Sale -$50.1K -207 -0.13% $242.02 153K Mar 14, 2023 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 -20% $0.00 17K Mar 14, 2023 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 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 $239.860 to $240.840. 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 $240.870 to $241.850. 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 $242.010 to $242.080. 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 $239.960 to $240.895. 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 $241.000 to $241.980. 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 $239.860 to $240.840. 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 $240.870 to $241.810. 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 $242.010 to $242.140. 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.