Hershey (HSY) VP McCalman reports equity award and tax share withholding

Rhea-AI Filing Summary

Hershey Co executive Jennifer McCalman reported equity compensation activity involving company common stock. She received a grant or award of 1,626 shares of common stock on February 25, 2026 at a stated price of $0.0000 per share, reflecting a non-cash award. In a separate transaction the same day, 130 shares were disposed of at $229.64 per share to satisfy tax obligations through share withholding. After these transactions, she directly owned 4,378 shares of Hershey common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McCalman Jennifer

Role VP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,626	$0.00	--
Tax Withholding	Common Stock	130	$229.64	$30K

Holdings After Transaction: Common Stock — 4,508 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCalman Jennifer

(Last) (First) (Middle)

19 EAST CHOCOLATE AVENUE

(Street)

HERSHEY PA 17033

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HERSHEY CO [ HSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		A		1,626	A	$0	4,508	D
Common Stock	02/25/2026		F		130	D	$229.64	4,378	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Kathleen S. Purcell, Agent for Jennifer McCalman	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did HSY executive Jennifer McCalman report?

Jennifer McCalman reported one equity award and one tax-related share disposition. She received 1,626 Hershey common shares as a grant, and 130 shares were withheld at $229.64 per share to cover tax obligations, leaving her with direct ownership of 4,378 shares.

Did Jennifer McCalman buy or sell Hershey (HSY) stock on the open market?

The filing shows no open-market buy or sell by Jennifer McCalman. She received 1,626 shares as an equity award and had 130 shares withheld at $229.64 per share to satisfy tax liabilities, a standard non-market tax-withholding disposition.

How many Hershey (HSY) shares did Jennifer McCalman receive in her equity award?

Jennifer McCalman received 1,626 shares of Hershey common stock as a grant or award. The transaction is coded “A” for acquisition and recorded at a stated price of $0.0000 per share, indicating a non-cash equity compensation award rather than a market purchase.

Why were 130 Hershey (HSY) shares disposed of in Jennifer McCalman’s Form 4?

The 130 shares were disposed of under transaction code “F,” indicating tax withholding. These Hershey shares were delivered at $229.64 per share to satisfy tax liability associated with equity compensation, rather than reflecting a discretionary open-market sale by the executive.

What is Jennifer McCalman’s Hershey (HSY) share ownership after these transactions?

After the reported grant and tax-withholding disposition, Jennifer McCalman directly owned 4,378 shares of Hershey common stock. This balance reflects the award of 1,626 shares, followed by the withholding of 130 shares to cover tax obligations tied to her equity compensation.