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HERSHEY CO — Director's Dealing 2023
Mar 27, 2023
30084_dirs_2023-03-27_9baa81a7-7a4d-421f-8044-fea5e6969eb0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2023-03-24
Reporting Person: Reiman Jason (SVP Chief Supply Chain Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-24 | Common Stock | M | 751 | $107.95 | Acquired | 16776 | Direct |
| 2023-03-24 | Common Stock | S | 179 | $245.76 | Disposed | 16597 | Direct |
| 2023-03-24 | Common Stock | S | 120 | $246.493 | Disposed | 16477 | Direct |
| 2023-03-24 | Common Stock | S | 452 | $247.739 | Disposed | 16025 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-24 | Non-qualified Stock Option (Right to Buy) | $107.95 | M | 751 | Disposed | 2027-02-21 | Common Stock (751) | 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 May 24, 2022.
F2: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $245.200 to $246.070. 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.
F3: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $246.230 to $246.920. 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 $247.350 to $248.300. 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: The options vested according to the following schedule: 25% vested on February 22, 2018, 25% vested on February 22, 2019, 25% vested on February 22, 2020 and 25% vested on February 22, 2021.