Hershey (NYSE: HSY) SVP uses 407 shares to satisfy tax obligation

Rhea-AI Filing Summary

Hershey Co senior executive reports routine tax share disposition. SVP, GC & Secretary James Turoff had 407 shares of Hershey common stock disposed of at $210.58 per share to satisfy a tax liability by delivering securities. After this tax-withholding event, he directly holds 30,520 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^*

Turoff James

(Last) (First) (Middle)

THE HERSHEY COMPANY

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)
	SVP, GC & Secretary

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		407	D	$210.58	30,520	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 James Turoff	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 Hershey (HSY) executive James Turoff report?

James Turoff reported a tax-withholding disposition of 407 Hershey common shares. The shares were delivered to cover tax obligations, not sold in the open market, and reflect a routine administrative transaction rather than an investment decision.

How many Hershey (HSY) shares were used for James Turoff’s tax payment?

A total of 407 Hershey common shares were disposed of to satisfy a tax liability. The transaction was coded “F,” indicating payment of exercise price or tax liability by delivering securities, rather than a typical market buy or sell order.

At what price were the Hershey (HSY) shares valued in Turoff’s tax-withholding transaction?

The 407 Hershey shares in the tax-withholding disposition were valued at $210.58 per share. This figure reflects the price used for the tax payment calculation, not necessarily a separate open-market sale price on a stock exchange.

How many Hershey (HSY) shares does James Turoff hold after this Form 4 filing?

Following the tax-withholding disposition, James Turoff directly holds 30,520 shares of Hershey common stock. This remaining position shows that the reported 407-share transaction is small relative to his overall direct holdings in the company.

Was the Hershey (HSY) insider transaction a market sale or a tax-withholding event?

The transaction was a tax-withholding event, not an open-market sale. It is coded “F” on the Form 4, meaning shares were delivered to pay a tax liability, a common mechanism for handling taxes on equity compensation.