Rohit Grover - Mar 4, 2024 Form 4 Insider Report for HERSHEY CO (HSY)

Signature
/s/ Lauren H. Lacey, Agent for Rohit Grover
Stock symbol
HSY
Transactions as of
Mar 4, 2024
Transactions value $
-$768,578
Form type
4
Date filed
3/5/2024, 04:13 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock Sale -$164K -900 -2.87% $181.84 30.5K Mar 4, 2024 Direct F1, F2
transaction HSY Common Stock Sale -$18.5K -100 -0.37% $184.54 27.2K Mar 4, 2024 Direct F1
transaction HSY Common Stock Sale -$195K -1.06K -3.74% $183.88 27.3K Mar 4, 2024 Direct F1, F3
transaction HSY Common Stock Sale -$384K -2.1K -6.89% $182.92 28.4K Mar 4, 2024 Direct F1, F4
transaction HSY Common Stock Sale -$7.06K -38 -0.14% $185.91 27.2K Mar 4, 2024 Direct F1, 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 August 8, 2023.
F2 This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $181.290 to $182.190. 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 183.490 to 184.330. 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 $182.430 to $183.400. 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 185.790 to 186.250. 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.