HERSHEY CO — Director's Dealing 2022

Jul 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2022-07-06

Reporting Person: HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-06	Common Stock, $1.00 par value	S	111458	$221.2912	Disposed	321366	Direct
2022-07-07	Common Stock, $1.00 par value	S	3007	$221.0005	Disposed	318359	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	48230	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock, $1.00 par value	$219.93		Common Stock, $1.00 par value (58112012)	58112012	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 24, 2022. Accordingly, the reporting person had no discretion with regard to the timing of the transactions.

F2: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $221.00 to $221.81, 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 prices ranging from $221.00 to $221.20, 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: Hershey Trust Company is wholly owned by the Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.

F5: All shares of Class B common stock, $1.00 par value, are 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.

F6: Conversion price is the current market price ($219.93 represents the closing price on 7/7/2022).