HERSHEY CO — Director's Dealing 2023

Feb 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2023-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-14	Common Stock	M	4250	$105.96	Acquired	134805	Direct
2023-02-14	Common Stock	S	1088	$239.299	Disposed	133717	Direct
2023-02-14	Common Stock	S	2662	$240.283	Disposed	131055	Direct
2023-02-14	Common Stock	S	500	$241.314	Disposed	130555	Direct
2023-02-14	Common Stock	S	1401	$239.326	Disposed	129154	Direct
2023-02-14	Common Stock	S	2887	$240.289	Disposed	126267	Direct
2023-02-14	Common Stock	S	712	$241.289	Disposed	125555	Direct
2023-02-14	Common Stock	S	1543	$239.382	Disposed	124012	Direct
2023-02-14	Common Stock	S	2720	$240.316	Disposed	121292	Direct
2023-02-14	Common Stock	S	737	$241.241	Disposed	120555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-14	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 $238.850 to $239.450. 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.

F3: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $239.880 to $240.800. 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 $240.910 to $241.530. 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 $238.850 to $239.620. 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 $239.900 to $240.770. 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 $240.900 to $241.720. 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 $238.840 to $239.830. 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 $238.860 to $240.800. 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 $240.910 to $241.540. 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.