HERSHEY CO — Director's Dealing 2022

Nov 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2022-11-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-14	Common Stock	M	4250	$105.96	Acquired	164805	Direct
2022-11-14	Common Stock	S	932	$218.681	Disposed	163873	Direct
2022-11-14	Common Stock	S	1047	$219.97	Disposed	162826	Direct
2022-11-14	Common Stock	S	1671	$221.057	Disposed	161155	Direct
2022-11-14	Common Stock	S	500	$221.88	Disposed	160655	Direct
2022-11-14	Common Stock	S	100	$222.68	Disposed	160555	Direct
2022-11-14	Common Stock	S	2053	$218.597	Disposed	158502	Direct
2022-11-14	Common Stock	S	2000	$219.802	Disposed	156502	Direct
2022-11-14	Common Stock	S	3604	$220.84	Disposed	152898	Direct
2022-11-14	Common Stock	S	1773	$221.48	Disposed	151125	Direct
2022-11-14	Common Stock	S	570	$222.505	Disposed	150555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-14	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 on August 16, 2022.

F2: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $218.340 to $219.190. 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 $219.570 to $220.450. 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 $220.600 to $221.390. 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 $221.600 to $222.470. 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 $218.140 to $219.070. 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.

F7: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $219.170 to $220.14. 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 $220.250 to $221.220. 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 $221.260 to $221.780. 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: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $222.260 to $222.680. 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.

F11: 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.