Hershey (HSY) director increases holdings through stock award

Rhea-AI Filing Summary

Hershey Co director reports additional stock holdings. On 01/01/2026, a director of Hershey Co acquired 246.697 shares of common stock at a price of $0, reflecting stock granted under a company compensation arrangement rather than an open-market purchase. Following this transaction, the director directly beneficially owned 2,648.333 Hershey Co shares. An accompanying note explains that the reported direct holdings include 7.143 shares acquired on December 15, 2025 through a dividend reinvestment feature of the company’s Directors’ Compensation Plan, which operates similarly to Hershey’s broad-based dividend reinvestment plan for stockholders.

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^*

Kraus Maria T

(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)
01/01/2026

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	01/01/2026		A		246.697	A	$0	2,648.333	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 7.143 shares acquired on December 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 Maria T. Kraus	01/05/2026
	** 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 transaction did Hershey Co (HSY) report in this Form 4?

The filing shows a Hershey Co director acquired 246.697 shares of common stock on 01/01/2026, reported as an acquisition at a price of $0.

How many Hershey Co (HSY) shares does the director own after this transaction?

After the reported transaction, the director beneficially owned 2,648.333 shares of Hershey Co common stock in direct ownership.

Was the Hershey Co (HSY) insider transaction an open-market purchase?

The transaction is reported at a price of $0 per share and is associated with a company compensation or dividend reinvestment arrangement, not an open-market purchase.

What role does the reporting person have at Hershey Co (HSY)?

The reporting person is identified as a Director of Hershey Co, according to the relationship section of the filing.

What is the significance of the 7.143 Hershey Co (HSY) shares mentioned in the note?

The note explains that 7.143 shares included in the directors direct holdings were acquired on December 15, 2025 through a dividend reinvestment feature of the companys Directors Compensation Plan.

How does the Hershey Co (HSY) Directors Compensation Plan relate to other shareholders?

The filing states that the Directors Compensation Plans dividend reinvestment feature is substantially similar to the dividend reinvestment plan available more broadly to Hershey Co stockholders.