Hershey (NYSE: HSY) officer uses 82 shares to cover tax liability

Rhea-AI Filing Summary

Hershey Co VP and Chief Accounting Officer Jennifer McCalman reported a routine tax-related share disposition. On March 19, 2026, 82 shares of common stock were withheld at $210.58 per share to satisfy tax obligations. After this transaction, she directly holds 4,296 common shares.

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^*

McCalman Jennifer

(Last) (First) (Middle)

19 EAST 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/19/2026		F		82	D	$210.58	4,296	D

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:

	/s/ Kathleen S. Purcell, Agent for Jennifer McCalman	03/23/2026
	** 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)

FAQ

What insider transaction did HSY report for Jennifer McCalman?

Hershey Co reported that VP and Chief Accounting Officer Jennifer McCalman had 82 common shares disposed of on March 19, 2026 to cover tax obligations. The transaction was coded “F,” indicating a tax-withholding disposition rather than an open-market trade.

Was the HSY insider transaction a market sale of shares?

No, the HSY insider activity was a tax-withholding disposition, not an open-market sale. 82 shares were delivered at $210.58 per share to satisfy tax liabilities, which is a mechanistic administrative event rather than a discretionary buy or sell decision.

How many Hershey (HSY) shares does Jennifer McCalman hold after this filing?

Following the tax-related share disposition, Jennifer McCalman directly holds 4,296 shares of Hershey common stock. This figure reflects her post-transaction position after 82 shares were used to cover tax obligations associated with equity compensation.

What price per share was used in the HSY tax-withholding transaction?

The tax-withholding disposition for Hershey Co common stock used a price of $210.58 per share for the 82 shares delivered. This price is used solely for valuing the shares applied to the reporting person’s tax liability in this administrative transaction.

What does transaction code “F” mean in the HSY Form 4 filing?

In this HSY Form 4, code “F” signifies payment of tax liability by delivering securities. It indicates that 82 shares were withheld or delivered to satisfy taxes related to equity compensation, and does not represent a voluntary open-market purchase or sale.