Hershey Trust sells 30,000 Hershey Co shares
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 30,000 shares of The Hershey Company common stock over April 27–29 at weighted average prices around $186–$192 per share across multiple trades.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School Trust, reported open-market sales of 30,000 shares of The Hershey Company common stock over April 27–29 at weighted average prices around $186–$192 per share across multiple trades.
After these sales, the trust directly holds 1,746,119 shares of Hershey common stock and 54,612,012 shares of Class B common stock, each Class B share convertible into one common share without an expiration date at a conversion price based on the prior business day’s market price.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
Net Sell
17 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
30,000 shs ($5.65M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 1,877 | $187.661 | $352K |
| Sale | Common Stock, $1.00 par value | 4,364 | $188.531 | $823K |
| Sale | Common Stock, $1.00 par value | 3,752 | $189.2305 | $710K |
| Sale | Common Stock, $1.00 par value | 7 | $190.0361 | $1K |
| Sale | Common Stock, $1.00 par value | 46 | $186.9687 | $9K |
| Sale | Common Stock, $1.00 par value | 4,686 | $187.6862 | $879K |
| Sale | Common Stock, $1.00 par value | 4,868 | $188.3354 | $917K |
| Sale | Common Stock, $1.00 par value | 400 | $189.2681 | $76K |
| Sale | Common Stock, $1.00 par value | 3,666 | $186.5913 | $684K |
| Sale | Common Stock, $1.00 par value | 1,264 | $187.5431 | $237K |
| Sale | Common Stock, $1.00 par value | 1,908 | $188.2113 | $359K |
| Sale | Common Stock, $1.00 par value | 235 | $189.53 | $45K |
| Sale | Common Stock, $1.00 par value | 1,138 | $190.6181 | $217K |
| Sale | Common Stock, $1.00 par value | 1,075 | $191.5742 | $206K |
| Sale | Common Stock, $1.00 par value | 714 | $192.3516 | $137K |
| 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 — 1,746,119 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 (16)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $186.2700 to $186.9200, 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 $187.0970 to $187.9967, 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 $188.0010 to $188.7800, 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 $190.1850 to $190.9809, 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 $191.0000 to $191.9800, 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.
- F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $192.0500 to $192.6600, 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 $187.0380 to $187.9996, 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 $188.0112 to $188.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $189.1300 to $189.6020, 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.
- F10. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $187.1300 to $187.9900, 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.
- F11. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $188.0000 to $188.9900, 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.
- F12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $189.0000 to $189.9000, 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.
- F13. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $190.0125 to $190.0400, 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.
- F14. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F15. 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.
- F16. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 30,000 shares
Highest reported sale price: $192.6600/share
Lowest reported sale price: $186.2700/share
+3 more
6 metrics
Shares sold
30,000 shares
Net open-market sales reported for April 27–29
Highest reported sale price
$192.6600/share
Weighted average price range footnote
Lowest reported sale price
$186.2700/share
Weighted average price range footnote
Common shares held after
1,746,119 shares
Direct Hershey common stock holding after sales
Class B shares held
54,612,012 shares
Direct Class B common stock position, convertible 1:1
Transaction count
15 sales, 2 holdings
Form 4 transaction summary counts
Key Terms
weighted average price, open-market sale, Class B common stock, conversion price, +1 more
5 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.
open-market sale financial
"transaction_action: "open-market sale" for the common stock transactions"
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.
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.
conversion price financial
"The conversion price is the market price of the Common Stock on the previous business day."
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
Milton Hershey School Trust financial
"Hershey Trust Company is wholly owned by Milton Hershey School Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Over what dates did Hershey Trust Company’s April HSY stock sales occur?
The reported sales occurred on April 27, 28, and 29. Multiple open-market trades were executed each day, with Form 4 footnotes explaining that prices represent weighted averages across individual transactions within specified intraday price ranges.
What is Hershey Trust Company’s HSY common stock holding after these sales?
Following the reported transactions, Hershey Trust Company holds 1,746,119 shares of The Hershey Company common stock. This figure reflects direct ownership after completing the series of open-market sales disclosed in the Form 4 filing for late April.
How is the conversion price for Hershey Co Class B stock determined?
The conversion price for Class B common stock is the market price of the common stock on the previous business day. Class B shares convert share-for-share into common stock at that prevailing price, and the footnotes state there is no expiration date on this conversion feature.
What do the weighted average price footnotes mean in this HSY Form 4?
Each reported price per share is a weighted average across many individual trades within a stated price range. The reporting person commits to provide the exact number of shares sold at each separate price within those ranges to regulators, shareholders, or the company upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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