[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

Marie Quintero-Johnson, a director of The Hershey Company (HSY), reported an acquisition of 225.07 shares of Common Stock on 10/01/2025 under a Section 16 Form 4. The reported transaction price is $0, and following the transaction she beneficially owns 623.922 shares. The filing notes that 2.923 of the shares included in her direct ownership were acquired on 9/15/2025 through the Company’s dividend reinvestment feature for directors, which mirrors the broad-based plan available to stockholders.

Positive

• Director ownership increased by 225.07 shares, bringing total to 623.922
• Dividend reinvestment feature used for 2.923 shares, consistent with shareholder plan

Negative

• Transaction recorded at $0, indicating a grant rather than a market purchase (no cash invested)

Insights

Corporate Governance Analyst

Director received a non‑cash grant and now holds 623.922 HSY shares.

The Form 4 shows a director-level acquisition of 225.07 shares at a reported price of $0, indicating a grant or compensation issuance rather than a market purchase. Director participation in dividend reinvestment is confirmed by the inclusion of 2.923 shares from a 9/15/2025 reinvestment.

This is a routine insider compensation and ownership disclosure required under Section 16; the amounts reported are modest relative to a public company and reflect standard director compensation mechanics rather than an open‑market investment decision.

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

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

1. Name and Address of Reporting Person^*

Quintero-Johnson Marie

(Last) (First) (Middle)

19 E. 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		225.07	A	$0	623.922	D(1)

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:

1. The total amount of securities reported as directly owned in Column 5 includes 2.923 shares acquired on September 15, 2025, pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan, the provisions of which are substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan available generally to Company stockholders.

	/s/ Kathleen S. Purcell, Agent for Marie Quintero-Johnson	10/03/2025
	** 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 did Marie Quintero-Johnson report on Form 4 for HSY?

She reported acquiring 225.07 shares of Hershey common stock on 10/01/2025, increasing her beneficial ownership to 623.922 shares.

Was the reported transaction a market purchase for HSY shares?

No; the Form 4 lists the transaction price as $0, indicating a grant or non‑cash issuance rather than an open‑market purchase.

Does the filing mention dividend reinvestment for HSY insiders?

Yes; the filing states that 2.923 shares were acquired on 9/15/2025 via the Company’s dividend reinvestment feature for directors.

What is Marie Quintero-Johnson’s relationship to Hershey?

She is a director of The Hershey Company, as indicated on the Form 4.

How many shares does the director own after the transaction?

623.922 shares of Hershey common stock are reported as beneficially owned following the transaction.