Vero Villasenor - 19 Feb 2025 Form 4 Insider Report for HERSHEY CO (HSY)

Role: President, Salty Snacks
Signature: /s/ Shayon T. Smith, Agent for Vero Villasenor
Issuer symbol: HSY
Transactions as of: 19 Feb 2025
Net transactions value: -$36,550
Form type: 4
Filing time: 21 Feb 2025, 16:11:42 UTC
Previous filing: 12 Feb 2025
Next filing: 25 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HSY	Common Stock	Award	$0	+6,013	+64%	$0.000000	15,440	19 Feb 2025	Direct
transaction	HSY	Common Stock	Tax liability	$36,550	-223	-1.4%	$163.90	15,217	19 Feb 2025	Direct
transaction	HSY	Common Stock	Options Exercise	$0	+4,304	+28%	$0.000000	19,521	21 Feb 2025	Direct	F1

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
holding	HSY	Non-qualified Stock Option (Right to Buy)						689	19 Feb 2025	Common Stock	689	$107.95	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	790 common stock shares consist of an award on February 21, 2024 of 422 restricted stock units the reporting person was granted, an award of 337 restricted stock units on February 21, 2023, and an award of 428 restricted stock units, all of which one third vests on the first anniversary of the grant acceptance date, one third vests on the second grant anniversary date and one third vests on the third grant anniversary date. 3,936 common stock shares consist of an award on January 11, 2023 of 6,620 restricted stock units the reporting person was granted, an award of 743 restricted stock units on February 22, 2022 and an award of 1,014 on February 23,2021 restricted stock units, all of which 25% vest on the first anniversary of the grant acceptance date; 25% vest on the second grant anniversary date; 25% vest on the third grant anniversary and 25% vest on the fourth grant anniversary date.
F2	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.

Content

790 common stock shares consist of an award on February 21, 2024 of 422 restricted stock units the reporting person was granted, an award of 337 restricted stock units on February 21, 2023, and an award of 428 restricted stock units, all of which one third vests on the first anniversary of the grant acceptance date, one third vests on the second grant anniversary date and one third vests on the third grant anniversary date. 3,936 common stock shares consist of an award on January 11, 2023 of 6,620 restricted stock units the reporting person was granted, an award of 743 restricted stock units on February 22, 2022 and an award of 1,014 on February 23,2021 restricted stock units, all of which 25% vest on the first anniversary of the grant acceptance date; 25% vest on the second grant anniversary date; 25% vest on the third grant anniversary and 25% vest on the fourth grant anniversary date.

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.