Hershey Trust sells 20,000 Hershey Co shares
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 20,000 shares of The Hershey Company common stock.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 20,000 shares of The Hershey Company common stock. The sales occurred on April 23–24 at weighted average prices that include $193.1494, $192.3634 and $191.6845 per share.
After these transactions, the reporting person directly holds 1,776,119 shares of common stock. It also holds 54,612,012 shares of Class B common stock, which footnotes state are convertible share-for-share into common stock at any time without an expiration date.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
9 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.84M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 2,250 | $190.635 | $429K |
| Sale | Common Stock, $1.00 par value | 5,311 | $191.5024 | $1.02M |
| Sale | Common Stock, $1.00 par value | 2,439 | $192.4471 | $469K |
| Sale | Common Stock, $1.00 par value | 573 | $190.7432 | $109K |
| Sale | Common Stock, $1.00 par value | 754 | $191.6845 | $145K |
| Sale | Common Stock, $1.00 par value | 7,075 | $192.3634 | $1.36M |
| Sale | Common Stock, $1.00 par value | 1,598 | $193.1494 | $309K |
| 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 — 1,776,119 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 (10)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $190.3400 to $190.9085, 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 $191.0220 to $191.9957, 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 $192.0019 to $192.9792, 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 $193.0310 to $193.3969, 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 $190.2508 to $190.9970, 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 $191.0084 to $191.9990, 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 $192.0159 to $192.8864, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F9. 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.
- F10. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 20,000 shares
Sale price example: $193.1494 per share
Sale price example: $192.3634 per share
+3 more
6 metrics
Shares sold
20,000 shares
Total common stock sold in open-market transactions on April 23–24
Sale price example
$193.1494 per share
Weighted average price for one of the April 23 sales
Sale price example
$192.3634 per share
Weighted average price for one of the April 23 sales
Sale price example
$190.7432 per share
Weighted average price for one of the April 24 sales
Common shares held
1,776,119 shares
Direct Hershey Co common stock ownership after the reported sales
Class B shares held
54,612,012 shares
Class B common stock held, convertible share-for-share into common
Key Terms
open-market sale, weighted average price, Class B common stock, 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.
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.
Class B common stock financial
"All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock"
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.
greater-than-ten-percent owner regulatory
""is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hershey Trust Company report in this HSY Form 4 filing?
Hershey Trust Company, as trustee for the Milton Hershey School, reported selling 20,000 Hershey Co common shares in open-market transactions. These trades occurred over two days and are disclosed as routine Section 16 insider activity for a greater-than-ten-percent shareholder.
What is the significance of the Class B common stock held in this HSY filing?
The filing shows ownership of 54,612,012 shares of Class B common stock. Footnotes state this Class B stock is convertible share-for-share into common stock at any time without an expiration date, giving the holder substantial potential common equity exposure in Hershey Co.
Who is Hershey Trust Company acting for in these HSY transactions?
Footnotes explain Hershey Trust Company is wholly owned by the Milton Hershey School Trust and serves as trustee for that trust. The reported Hershey Co share positions and sales therefore relate to holdings managed for the benefit of the Milton Hershey School Trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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