Hershey director granted 221.8 HSY shares

Hershey director Timothy William Curoe received a stock award of 221.795 shares of common stock, increasing his direct holdings to 1,600.890 shares.

Rhea-AI Filing Summary

Hershey director Timothy William Curoe received a stock award of 221.795 shares of common stock, increasing his direct holdings to 1,600.890 shares. The award was reported at a price of $0.00 per share, indicating a grant or other non-cash acquisition rather than a market purchase.

A footnote explains that his directly owned total includes 7.633 shares acquired on March 16, 2026 through a dividend reinvestment feature of Hershey’s Directors’ Compensation Plan, which operates similarly to the company’s broad-based dividend reinvestment plan available to all stockholders.

Insights

Insider transactions analyst

Director received routine stock grant and small dividend reinvestment.

Director Timothy William Curoe acquired 221.795 Hershey common shares via a grant or similar award at $0.00 per share. This is a compensation-related, non-market transaction, not an open-market buy, and therefore carries limited signaling value about his view of the stock.

His direct holdings rose to 1,600.890 shares, including 7.633 shares from a dividend reinvestment feature tied to the Directors’ Compensation Plan. With no derivative positions reported and no sales, this filing mainly updates equity-based compensation and reinvested dividends rather than indicating a change in insider sentiment.

Insider Trade Summary

Grant/Award: 221.795 shares

Grant/Award 1 txn

Insider Curoe Timothy William

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	221.795	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,600.89 shares (Direct)

Footnotes (1)

1. F1. The total amount of securities reported as directly owned in Column 5 includes 7.633 shares acquired on March 16, 2026, 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.

Key Figures

Stock grant: 221.795 shares Holdings after transaction: 1,600.890 shares Dividend reinvestment shares: 7.633 shares +1 more

4 metrics

Stock grant 221.795 shares Common Stock grant on April 1, 2026 (code A)

Holdings after transaction 1,600.890 shares Directly owned common shares following grant

Dividend reinvestment shares 7.633 shares Acquired March 16, 2026 via dividend reinvestment feature

Grant price $0.00 per share Indicates non-cash grant/award acquisition

Key Terms

dividend reinvestment, Directors' Compensation Plan, broad-based dividend reinvestment plan, Grant, award, or other acquisition, +1 more

5 terms

dividend reinvestment financial

"pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Directors' Compensation Plan financial

"pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan"

broad-based dividend reinvestment plan financial

"substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

non-derivative financial

""transaction_type": "non-derivative""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hershey (HSY) director Timothy Curoe report in this Form 4 filing?

Director Timothy Curoe reported receiving 221.795 Hershey common shares as a grant or similar award. The transaction was recorded at $0.00 per share, indicating it was compensation-related rather than an open-market purchase, and increased his direct holdings to 1,600.890 shares.

Was the Hershey (HSY) Form 4 transaction a market purchase or a stock grant?

The Form 4 shows a stock grant or award, not a market purchase. Curoe acquired 221.795 Hershey shares at $0.00 per share under a grant, which is typical of director compensation and does not reflect an open-market trading decision by the insider.

How many Hershey (HSY) shares does Timothy Curoe hold after this Form 4 transaction?

After the reported transaction, Curoe directly owns 1,600.890 Hershey common shares. This total includes the 221.795-share grant reported in the filing and also accounts for 7.633 shares added earlier through a dividend reinvestment feature in the Directors’ Compensation Plan.

What is the role of dividend reinvestment in Hershey (HSY) director holdings?

The filing notes that 7.633 of Curoe’s directly owned shares were acquired via a dividend reinvestment feature of the Directors’ Compensation Plan. This feature works similarly to Hershey’s broad dividend reinvestment plan available to all stockholders, automatically using cash dividends to buy shares.

Does the Hershey (HSY) Form 4 indicate any insider selling activity?

No insider selling is shown in this Form 4. The transaction code “A” reflects an acquisition via grant or award, and the filing reports only an increase in Curoe’s direct holdings to 1,600.890 shares with no sales or dispositions disclosed in the reported transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:19 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Curoe Timothy William

(Last) (First) (Middle)

19 E. 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		A		221.795	A	$0	1,600.89	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 7.633 shares acquired on March 16, 2026, 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 Timothy W. Curoe	04/03/2026
	** 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)