HERSHEY CO — Director's Dealing 2025

Feb 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2025-02-19

Reporting Person: Villasenor Vero (President, Salty Snacks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-19	Common Stock	A	6013	—	Acquired	15440.428	Direct
2025-02-19	Common Stock	F	223	$163.90	Disposed	15217.428	Direct
2025-02-21	Common Stock	M	4304	—	Acquired	19521.428	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-qualified Stock Option (Right to Buy)	$107.95	2027-02-21	Common Stock (689)	689	Direct

Footnotes

F1: 790 common stock shares consist of an award on February 21, 2024 of 422 restricted stock units the reporting person was granted, an award of 337 restricted stock units on February 21, 2023, and an award of 428 restricted stock units, all of which one third vests on the first anniversary of the grant acceptance date, one third vests on the second grant anniversary date and one third vests on the third grant anniversary date.
3,936 common stock shares consist of an award on January 11, 2023 of 6,620 restricted stock units the reporting person was granted, an award of 743 restricted stock units on February 22, 2022 and an award of 1,014 on February 23,2021 restricted stock units, all of which 25% vest on the first anniversary of the grant acceptance date; 25% vest on the second grant anniversary date; 25% vest on the third grant anniversary and 25% vest on the fourth grant anniversary date.

F2: 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.