Christopher M. Scalia - Mar 25, 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role
SVP, CHRO
Signature
/s/ Lauren H. Lacey, Agent for Christopher M. Scalia
Stock symbol
HSY
Transactions as of
Mar 25, 2022
Transactions value $
-$614,594
Form type
4
Date filed
3/28/2022, 04:27 PM
Previous filing
Mar 24, 2022
Next filing
Oct 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock Sale -$149K -700 -6.3% $213.09 10.4K Mar 25, 2022 Direct F1, F2
transaction HSY Common Stock Sale -$278K -1.3K -12.49% $213.95 9.11K Mar 25, 2022 Direct F1, F3
transaction HSY Common Stock Sale -$76.6K -360 -3.95% $212.89 8.75K Mar 25, 2022 Direct F1, F4
transaction HSY Common Stock Sale -$255K -1.2K -13.66% $213.78 7.55K Mar 25, 2022 Direct F1, F5
transaction HSY Common Stock Sale -$19.7K -92 -1.22% $214.39 7.46K Mar 25, 2022 Direct F1
transaction HSY Common Stock Options Exercise $165K +1.65K +22.07% $99.90 9.11K Mar 25, 2022 Direct

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 -1.65K -100% $0.00* 0 Mar 25, 2022 Common Stock 1.65K $99.90 Direct F6
* 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 February 23, 2022.
F2 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $212.420 to $213.355. 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 $213.570 to $214.250. 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 $212.280 to $213.170. 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 $213.280 to $214.230. 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 The options vested according to the following schedule: 25% vested on February 20, 2019, 25% vested on February 20, 2020, 25% vested on February 20, 2021 and 25% vested on February 20, 2022.