HERSHEY CO — Director's Dealing 2022

Dec 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2022-12-14

Reporting Person: Buck Michele (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-14	Common Stock	M	4250	$105.96	Acquired	154805	Direct
2022-12-14	Common Stock	S	1312	$236.074	Disposed	153493	Direct
2022-12-14	Common Stock	S	738	$237.056	Disposed	152755	Direct
2022-12-14	Common Stock	S	1900	$238.437	Disposed	150855	Direct
2022-12-14	Common Stock	S	300	$238.96	Disposed	150555	Direct
2022-12-14	Common Stock	S	3299	$236.125	Disposed	147256	Direct
2022-12-14	Common Stock	S	1410	$236.936	Disposed	145846	Direct
2022-12-14	Common Stock	S	3191	$238.299	Disposed	142655	Direct
2022-12-14	Common Stock	S	2100	$238.779	Disposed	140555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-14	Non-qualified Stock Option (Right to Buy)	$105.96	M	4250	Disposed	2024-02-17	Common Stock (4250)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person August 16, 2022.

F2: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $235.430 to $236.340. 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 $236.590 to $237.480. 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 $237.870 to $238.790. 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 $238.920 to $239.000. 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.

F6: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $235.570 to $236.510. 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.

F7: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $236.570 to $237.370. 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.

F8: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $237.570 to $238.560. 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.

F9: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $238.580 to $239.070. 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.

F10: The options vested according to the following schedule: 25% vested on February 18, 2015, 25% vested on February 18, 2016, 25% vested on February 18, 2017 and 25% vested on February 18, 2018.