Hershey Co (NYSE: HSY) 10% owner sells 20,000 shares
Rhea-AI Filing Summary
HERSHEY CO (HSY) reported that Hershey Trust Company, as trustee for Milton Hershey School and a more-than-10% stockholder, sold a total of 20,000 shares of common stock in open-market or private transactions on August 20–21, 2026, under a Rule 10b5-1 trading plan. The shares were sold in eight tranches at weighted-average prices between about $185.57 and $190.29, with detailed price ranges disclosed in the footnotes. The reporting person also reports holdings of 54,612,012 Class B common shares (convertible share-for-share into common stock with no expiration) held directly and 39,630 common shares held indirectly by Hershey Trust Company.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
10 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.76M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value F5 | 519 | $185.6855 | $96K |
| Sale | Common Stock, $1.00 par value F6 | 7,180 | $186.4685 | $1.34M |
| Sale | Common Stock, $1.00 par value F7 | 998 | $187.7282 | $187K |
| Sale | Common Stock, $1.00 par value F8 | 1,303 | $188.2883 | $245K |
| Sale | Common Stock, $1.00 par value F1 | 337 | $187.4927 | $63K |
| Sale | Common Stock, $1.00 par value F2 | 4,216 | $188.4986 | $795K |
| Sale | Common Stock, $1.00 par value F3 | 4,874 | $189.4006 | $923K |
| Sale | Common Stock, $1.00 par value F4 | 573 | $190.1499 | $109K |
| holding | Class B Common Stock, $1.00 par value F11, F10 | -- | -- | -- |
| holding | Common Stock, $1.00 par value F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1.00 par value — 956,119 shares (Direct);
Class B Common Stock, $1.00 par value — 54,612,012 shares (Direct);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (11)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $187.0000 to $187.9200, 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 $188.0700 to $188.9800, 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 $189.0050 to $189.9600, 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 $190.0000 to $190.2900, 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 $185.5650 to $185.9700, 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 $186.0000 to $186.9700, 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 $187.0000 to $187.9700, 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 $188.0100 to $188.6500, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F10. 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.
- F11. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Total shares sold: 20,000 shares
Largest single tranche sold: 7,180 shares
Sale price per share (example tranche): $190.1499
+4 more
7 metrics
Total shares sold
20,000 shares
Aggregate HSY common stock sold on August 20–21, 2026
Largest single tranche sold
7,180 shares
Sale of common stock on 2026-08-21 at $186.4685 per share (weighted average)
Sale price per share (example tranche)
$190.1499
Weighted-average price for 573 common shares sold on 2026-08-20
Direct Class B common stock holdings
54,612,012 shares
Class B common stock, each convertible share-for-share into common stock, as of 2026-08-20
Indirect common stock holdings
39,630 shares
Common stock held indirectly by Hershey Trust Company as of 2026-08-20
Weighted-average sale price range (example)
$187.0000–$187.9200
Price range for transactions covered by footnote F1 on 2026-08-20
Weighted-average sale price (example)
$188.4986
Weighted-average price for 4,216 common shares sold on 2026-08-20
Key Terms
weighted average price, Class B common stock, convertible share-for-share
3 terms
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"
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.
FAQ
What did the Form 4 report for HSY on August 20–21, 2026?
The Form 4 reports that Hershey Trust Company, as trustee for Milton Hershey School, sold 20,000 HSY common shares in eight open-market or private transactions on August 20–21, 2026, at weighted-average prices disclosed in the filing, under a Rule 10b5-1 trading plan.
Who is the reporting person in this HSY Form 4 filing?
The reporting person is Hershey Trust Company, trustee in trust for Milton Hershey School, identified as a more-than-10% owner of The Hershey Company’s equity securities.
What HSY Class B common stock holdings are reported in this Form 4?
The filing reports 54,612,012 shares of Class B common stock, $1.00 par value, held directly. Each Class B share is convertible share-for-share into common stock at any time, without additional payment, and with no expiration date.
What indirect HSY holdings does Hershey Trust Company report?
The Form 4 shows 39,630 HSY common shares held indirectly, with the nature of ownership described as “By Hershey Trust Company,” which is wholly owned by the Milton Hershey School Trust.
Were the HSY insider sales made under a trading plan?
Yes. The filing indicates that the transactions were made under a Rule 10b5-1 trading plan, as reflected by the affirmative 10b5-1 checkbox for these reported sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
