HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL 4
4 · HERSHEY CO · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
HERSHEY (HSY) Trustee for Milton Hershey School Sells 10,000 Shares
What Happened
- Hershey Trust Company, as trustee for the Milton Hershey School Trust (a reported 10% owner), sold a total of 10,000 Class B shares of The Hershey Company in open-market transactions on April 2, 2026. The seven separate lots ranged in weighted-average prices from about $200.97 to $206.22, generating total proceeds of approximately $2,045,096.
- Individual lots reported: 46 @ $200.97 ($9,245); 357 @ $201.43 ($71,911); 1,662 @ $202.58 ($336,682); 1,864 @ $203.52 ($379,353); 1,729 @ $204.50 ($353,580); 1,848 @ $205.64 ($380,020); 2,494 @ $206.22 ($514,305). All sales are coded “S” (sale).
Key Details
- Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (timely filed within the reporting window).
- Reported proceeds: ~ $2,045,096 for 10,000 shares.
- Reported prices are weighted averages for multiple trades; per-footnote ranges:
- lot1: $201.0600–$201.9700 (F1)
- lot2: $202.0600–$202.9750 (F2)
- lot3: $203.0000–$203.9800 (F3)
- lot4: $204.0000–$204.9800 (F4)
- lot5: $205.0000–$205.9800 (F5)
- lot6: $206.0000–$206.4300 (F6)
- Shares owned after the transaction not provided in the supplied filing data.
- Footnotes: Hershey Trust Co. is wholly owned by the Milton Hershey School Trust (F7). The sold shares were Class B common stock, convertible share-for-share into common stock at any time (F8–F9). Reporting person offered to disclose per-price breakdowns upon request (F1–F6).
- Transaction code: S = Sale. This was a sale (routine liquidity) by a 10% institutional owner—not an executive’s option exercise or grant.
Context
- These are institutional/trust sales by a 10% owner (Milton Hershey School Trust via its trustee). Such institutional disposals are not the same signal as an executive buying or selling shares; they may reflect portfolio/liquidity needs or trust management.
- The filing does not show any option exercises, awards, or gifts in this report—just open-market sales.
Insider Transaction Report
Form 4
HERSHEY COHSY
Transactions
- Sale
Common Stock, $1.00 par value
2026-04-02$200.97/sh−46$9,245→ 1,936,073 total - Sale
Common Stock, $1.00 par value
[F1]2026-04-02$201.43/sh−357$71,911→ 1,935,716 total - Sale
Common Stock, $1.00 par value
[F2]2026-04-02$202.58/sh−1,662$336,682→ 1,934,054 total - Sale
Common Stock, $1.00 par value
[F3]2026-04-02$203.52/sh−1,864$379,353→ 1,932,190 total - Sale
Common Stock, $1.00 par value
[F4]2026-04-02$204.50/sh−1,729$353,580→ 1,930,461 total - Sale
Common Stock, $1.00 par value
[F5]2026-04-02$205.64/sh−1,848$380,020→ 1,928,613 total - Sale
Common Stock, $1.00 par value
[F6]2026-04-02$206.22/sh−2,494$514,305→ 1,926,119 total
Holdings
- 39,630(indirect: By Trust)
Common Stock, $1.00 par value
[F7] - 54,612,012
Class B Common Stock, $1.00 par value
[F9][F8]→ Common Stock, $1.00 par value (54,612,012 underlying)
Footnotes (9)
- [F1]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $201.0600 to $201.9700, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F2]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $202.0600 to $202.9750, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F3]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $203.0000 to $203.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F4]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $204.0000 to $204.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F5]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $205.0000 to $205.9800, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F6]The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.0000 to $206.4300, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- [F7]Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- [F8]All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
- [F9]The conversion price is the market price of the Common Stock on the previous business day.
Signature
/s/ Joshua D. Shannon, Deputy CIO|2026-04-06