Hershey (NYSE: HSY) CTO logs tax-withholding share disposition

Rhea-AI Filing Summary

HERSHEY CO Senior Vice President and Chief Technology Officer Deepak Bhatia reported a tax-withholding disposition of 293 shares of common stock at $226.07 per share. Following this Form 4 transaction, he directly owns 41,103 Hershey common shares.

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).

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^*

Bhatia Deepak

(Last) (First) (Middle)

19 E. CHOCOLATE AVE.

(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)
	SVP, Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		F		293	D	$226.07	41,103	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 Deepak Bhatia	02/25/2026
	** 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.
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FAQ

What insider transaction did Deepak Bhatia report at Hershey (HSY)?

Deepak Bhatia reported a tax-withholding disposition of 293 Hershey common shares. The transaction used Form 4 and involved shares valued at $226.07 each, reflecting shares delivered to satisfy tax obligations rather than a typical open-market sale.

How many Hershey (HSY) shares does Deepak Bhatia own after this Form 4?

After the reported transaction, Deepak Bhatia directly owns 41,103 shares of Hershey common stock. This figure is disclosed in the Form 4 as the total direct holdings following the 293-share tax-withholding disposition on the reported transaction date.

What does transaction code F mean in the Hershey (HSY) Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Hershey filing, it shows Deepak Bhatia used 293 common shares to cover tax obligations, rather than selling them in a standard market transaction.

Was the Hershey (HSY) insider transaction by Deepak Bhatia an open-market sale?

The transaction was reported with code F, described as payment of a tax liability by delivering securities. This identifies it as a tax-withholding disposition of 293 shares, not a routine open-market sale for investment or portfolio management purposes.

What role does Deepak Bhatia hold at Hershey (HSY) in this Form 4?

Deepak Bhatia is identified as an officer of Hershey, serving as Senior Vice President and Chief Technology Officer. His position is disclosed in the Form 4 alongside the reported tax-withholding disposition of Hershey common stock.

What type of security was involved in the Hershey (HSY) insider transaction?

The insider transaction involved Hershey common stock. The Form 4 specifies that 293 shares of common stock were used in a tax-withholding disposition at a price of $226.07 per share, with 41,103 common shares held directly afterward.