[Form 4] HERSHEY CO Insider Trading Activity

Rhea-AI Filing Summary

Cordel Robbin-Coker, a Hershey Co. (HSY) director, reported acquiring 225.07 shares of Hershey common stock on 10/01/2025 under a non‑derivative transaction coded as an acquisition. The reported price is $0, consistent with shares obtained through a company plan rather than an open‑market purchase, leaving the reporting person with 1,587.67 shares beneficially owned following the transaction. The filing notes an earlier dividend reinvestment on 9/15/2025 that added 7.213 shares under the Company’s Directors' Compensation Plan. The form is signed by an agent on 10/03/2025.

Insights

Corporate Governance Analyst

Director received shares through company compensation/reinvestment, increasing holdings to 1,587.67.

The filing shows a non‑market acquisition of 225.07 shares on 10/01/2025 at a reported price of $0, indicating issuance under a company plan rather than an open‑market purchase. This is an administrative allocation consistent with director compensation or dividend reinvestment rules disclosed in the explanation.

This transaction adjusts the director's reported ownership but does not disclose any sale or external transfer; the change appears routine and tied to compensation mechanics disclosed in the filing.

Compliance & Reporting Specialist

Form 4 correctly reports acquisition and details a dividend reinvestment of 7.213 shares.

The explanation explicitly states 7.213 shares were acquired on 9/15/2025 via the Directors' Compensation Plan's dividend reinvestment feature. The Form 4 lists the reporting person as a director and is signed by an agent on 10/03/2025, meeting standard signature and disclosure elements.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Robbin-Coker Cordel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	225.07	$0.00	--

Holdings After Transaction: Common Stock — 1,587.67 shares (Direct)

Footnotes (1)

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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).

1. Name and Address of Reporting Person^*

Robbin-Coker Cordel

(Last) (First) (Middle)

19 E. CHOCOLATE AVENUE

(Street)

HERSHEY PA 17110

(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	1,587.67	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 7.213 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 Cordel Robbin-Coker	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).
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