Jason Reiman - 24 Mar 2023 Form 4 Insider Report for HERSHEY CO (HSY)

Role
SVP Chief Supply Chain Officer
Signature
/s/ Lauren H. Lacey, Agent for Jason R. Reiman
Issuer symbol
HSY
Transactions as of
24 Mar 2023
Net transactions value
-$104,478
Form type
4
Filing time
27 Mar 2023, 16:17:04 UTC
Previous filing
24 Mar 2023
Next filing
11 Apr 2023
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 $81,070 +751 +4.7% $107.95 16,776 24 Mar 2023 Direct
transaction HSY Common Stock Sale $43,991 -179 -1.1% $245.76 16,597 24 Mar 2023 Direct F1, F2
transaction HSY Common Stock Sale $29,579 -120 -0.72% $246.49 16,477 24 Mar 2023 Direct F1, F3
transaction HSY Common Stock Sale $111,978 -452 -2.7% $247.74 16,025 24 Mar 2023 Direct F1, F4

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 -751 -100% $0.000000* 0 24 Mar 2023 Common Stock 751 $107.95 Direct F5
* 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 May 24, 2022.
F2 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $245.200 to $246.070. 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.
F3 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $246.230 to $246.920. 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 $247.350 to $248.300. 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 The options vested according to the following schedule: 25% vested on February 22, 2018, 25% vested on February 22, 2019, 25% vested on February 22, 2020 and 25% vested on February 22, 2021.