What does the 221.795-share transaction for Hershey (HSY) represent?

The 221.795-share transaction represents a grant or award of Hershey Common Stock to director Christopher W. Brandt. It was recorded with a transaction code A, meaning a grant, award, or other acquisition, at a stated price of $0.00 per share.

Hershey (NYSE: HSY) director receives 221.795-share stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hershey Co director Christopher W. Brandt received a grant of 221.795 shares of Common Stock on April 1, 2026. The grant was recorded at a price of $0.00 per share as a compensation award, not an open‑market purchase or sale.

After this award, Brandt directly owned a total of 900.826 Hershey shares. This total includes 4.013 shares acquired on March 16, 2026 through a dividend reinvestment feature of the company’s Directors' Compensation Plan, which operates similarly to the company’s broad-based dividend reinvestment plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brandt Christopher W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	221.795	$0.00	--

Holdings After Transaction: Common Stock — 900.826 shares (Direct)

Footnotes (1)

[object Object]

Key Figures

Stock grant: 221.795 shares Post-transaction holdings: 900.826 shares Dividend reinvestment shares: 4.013 shares

3 metrics

Stock grant 221.795 shares Grant of Common Stock on April 1, 2026

Post-transaction holdings 900.826 shares Total Common Stock directly owned after April 1, 2026 grant

Dividend reinvestment shares 4.013 shares Shares acquired March 16, 2026 via Directors' Compensation Plan dividend reinvestment

Key Terms

Common Stock, Directors' Compensation Plan, dividend reinvestment, Grant, award, or other acquisition

4 terms

Common Stock financial

"The security involved in the transaction is listed as Common Stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Directors' Compensation Plan financial

"Shares were acquired pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan."

dividend reinvestment financial

"4.013 shares acquired pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Grant, award, or other acquisition financial

"The transaction code description is Grant, award, or other acquisition."

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 04:15 PM

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).

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^*

Brandt Christopher W

(Last)

(First)

(Middle)

19 E. CHOCOLATE AVENUE

(Street)

HERSHEY

PENNSYLVANIA

17033

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		A		221.795	A	$0	900.826	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The total amount of securities reported as directly owned in Column 5 includes 4.013 shares acquired on March 16, 2026, 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 Christopher W. Brandt	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Hershey (HSY) director Christopher W. Brandt report?

Christopher W. Brandt reported receiving a grant of 221.795 Hershey Common Stock shares on April 1, 2026. This was a compensation-related award at $0.00 per share, not an open-market trade, and increased his directly held Hershey share position.

How many Hershey (HSY) shares does Christopher W. Brandt own after this Form 4?

After the reported grant, Christopher W. Brandt directly owns 900.826 Hershey shares. This total reflects his holdings immediately following the April 1, 2026 award of 221.795 shares of Common Stock disclosed in the Form 4 filing.

Was the Hershey (HSY) Form 4 transaction a stock purchase or sale?

The Form 4 transaction was neither an open-market purchase nor sale. It was coded as an acquisition by grant or award at $0.00 per share, indicating a compensation-related stock award to director Christopher W. Brandt rather than a discretionary market trade.

What is the significance of the 4.013 Hershey (HSY) shares mentioned in the footnote?

The 4.013 shares were acquired on March 16, 2026 through a dividend reinvestment feature of Hershey’s Directors' Compensation Plan. Those dividend-reinvested shares are included in the 900.826 total directly owned by Christopher W. Brandt after the April 1, 2026 award.

How is the Hershey (HSY) director’s ownership characterized in this Form 4?

The ownership is characterized as direct. The Form 4 lists the Common Stock as directly held by Christopher W. Brandt, with total direct ownership of 900.826 shares after the grant, and no indication of indirect entities or separate voting authority in the provided excerpt.