Michele Buck - Sep 6, 2024 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
Sep 6, 2024
Transactions value $
-$2,570,488
Form type
4
Date filed
9/9/2024, 04:13 PM
Previous filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock Options Exercise $2.88M +27.2K +16.54% $105.91 192K Sep 6, 2024 Direct
transaction HSY Common Stock Sale -$1.69M -8.47K -4.42% $199.64 183K Sep 6, 2024 Direct F1, F2
transaction HSY Common Stock Sale -$2.38M -11.9K -6.47% $200.43 171K Sep 6, 2024 Direct F1, F3
transaction HSY Common Stock Sale -$1.38M -6.87K -4.01% $201.28 164K Sep 6, 2024 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 -27.2K -100% $0.00 0 Sep 6, 2024 Common Stock 27.2K $105.91 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 23, 2024.
F2 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $199.000 to $200.000. 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.
F3 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranges from $200.010 to $201.010. 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 $201.015 to $201.630. 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 17, 2016, 25% vested on February 17, 2017, 25% vested on February 17, 2018 and 25% vested on February 17, 2019.