Hershey Trust sells 20,000 Hershey Co shares
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 20,000 shares of The Hershey Company common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 20,000 shares of The Hershey Company common stock. The sales occurred on June 11–12, 2026 at weighted average prices ranging from about $176 to $183 per share.
After these transactions, the trust directly holds 1,436,119 shares of common stock and indirectly holds 39,630 shares of common stock. It also directly owns 54,612,012 shares of Class B common stock, which are convertible share-for-share into common stock without an expiration date.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
11 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 3,778 | $181.6506 | $686K |
| Sale | Common Stock, $1.00 par value | 4,833 | $182.4841 | $882K |
| Sale | Common Stock, $1.00 par value | 1,389 | $183.2763 | $255K |
| Sale | Common Stock, $1.00 par value | 397 | $176.5588 | $70K |
| Sale | Common Stock, $1.00 par value | 377 | $177.4921 | $67K |
| Sale | Common Stock, $1.00 par value | 293 | $178.5288 | $52K |
| Sale | Common Stock, $1.00 par value | 592 | $179.7959 | $106K |
| Sale | Common Stock, $1.00 par value | 5,965 | $180.6594 | $1.08M |
| Sale | Common Stock, $1.00 par value | 2,376 | $181.2157 | $431K |
| holding | Class B Common Stock, $1.00 par value | -- | -- | -- |
| holding | Common Stock, $1.00 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1.00 par value — 1,436,119 shares (Direct);
Class B Common Stock, $1.00 par value — 54,612,012 contracts (Direct);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (12)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.1500 to $176.9500, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.0725 to $177.8065, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from 178.3076 to $178.8662, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F4. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $179.0890 to $179.9887, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $180.0250 to $180.9893, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.0000 to $181.6830, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $181.1000 to $181.9988, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F8. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $182.0000 to $182.9952, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F9. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $183.0058 to $183.6250, inclusive. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of The Hershey Company, or to The Hershey Company, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F10. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F11. All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
- F12. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 20,000 shares
Highest reported weighted average sale price: $183.2763 per share
Lowest reported weighted average sale price: $176.5588 per share
+4 more
7 metrics
Shares sold
20,000 shares
Total HSY common stock sold June 11–12, 2026
Highest reported weighted average sale price
$183.2763 per share
Common stock open-market sale on June 12, 2026
Lowest reported weighted average sale price
$176.5588 per share
Common stock open-market sale on June 11, 2026
Direct common shares after sales
1,436,119 shares
HSY common stock directly held after transactions
Indirect common shares after holding entry
39,630 shares
HSY common stock indirectly held by Hershey Trust Company
Class B shares outstanding
54,612,012 shares
Class B common stock directly held, convertible into common
Net share direction
-20,000 shares
Net sell volume in this Form 4
Key Terms
open-market sale, Class B common stock, weighted average price, convertible share-for-share, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class B common stock financial
"Class B common stock, $1.00 par value convertible share-for-share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted average price financial
"The Price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
conversion price financial
"The conversion price is the market price of the Common Stock on the previous business day."
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Hershey Trust report in its latest HSY Form 4?
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported selling 20,000 Hershey Co (HSY) common shares in open-market transactions. The trades took place on June 11–12, 2026, at weighted average prices in the mid-$170s to low-$180s per share.
What is Hershey Trust’s HSY common stock holding after these sales?
After the reported transactions, Hershey Trust directly holds 1,436,119 Hershey Co common shares and indirectly holds 39,630 common shares. These figures reflect the position following the 20,000 shares of open-market sales disclosed for June 11–12, 2026.
What Class B common stock position tied to HSY does Hershey Trust report?
The filing shows Hershey Trust directly owns 54,612,012 shares of Class B common stock, $1.00 par value. Each Class B share is convertible share-for-share into Hershey Co common stock without additional payment and has no expiration date on the conversion right.
Who is the reporting person on this HSY Form 4 filing?
The reporting person is Hershey Trust Company, acting as trustee in trust for Milton Hershey School. A footnote explains Hershey Trust Company is wholly owned by the Milton Hershey School Trust and serves as trustee for that trust in relation to the reported holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates