Hershey (NYSE: HSY) director reports 246-share stock acquisition

Rhea-AI Filing Summary

Hershey Co director reports additional stock acquired through compensation and dividend reinvestment. On 01/01/2026, the reporting person acquired 246.697 shares of Hershey common stock at a stated price of $0, reflecting non-cash equity awarded rather than an open-market purchase. Following this transaction, the director directly owns 1,252.203 Hershey shares. An explanation notes that this total includes 5.574 shares acquired on December 15, 2025 under a dividend reinvestment feature of the Company’s Directors' Compensation Plan, which is described as substantially similar to the dividend reinvestment plan generally available to Hershey stockholders.

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

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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^*

Nalebuff Barry James

(Last) (First) (Middle)

19 E. CHOCOLATE AVENUE

(Street)

HERSHEY PA 17033

(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)
01/01/2026

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	01/01/2026		A		246.697	A	$0	1,252.203	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 5.574 shares acquired on December 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 Barry J. Nalebuff	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Hershey Co (HSY) disclose in this Form 4?

The filing shows a Hershey Co director acquired 246.697 shares of common stock on 01/01/2026 at a stated price of $0, increasing the director’s direct holdings.

How many Hershey Co (HSY) shares does the director own after this transaction?

After the reported transaction, the director directly owns 1,252.203 shares of Hershey Co common stock.

Was the Hershey Co (HSY) director’s share acquisition a market purchase?

No. The 246.697 shares were reported at a price of $0, indicating they were acquired as part of a non-cash equity arrangement rather than bought in the open market.

What role does the Hershey Co (HSY) director hold with the company?

The reporting person is listed as a Director of Hershey Co and is not marked as a 10% owner in the relationship section.

What is the dividend reinvestment feature mentioned for Hershey Co (HSY)?

The explanation states that 5.574 shares were acquired on December 15, 2025 through a dividend reinvestment feature of the Company’s Directors' Compensation Plan, which is described as substantially similar to the broad-based dividend reinvestment plan available to Hershey stockholders.

Is this Hershey Co (HSY) Form 4 filed by one or multiple reporting persons?

The document indicates that the Form 4 is filed by one reporting person, not by a group.