Hershey Trust Sells 20,000 Hershey Shares
The listed prices are transaction-level weighted averages, and the sales were reported under a Rule 10b5-1 plan.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, trustee in trust for Milton Hershey School and a 10% owner of The Hershey Company (HSY), sold 20,000 common shares in seven direct transactions on September 24 and 25, 2026. Reported transaction prices were weighted averages ranging from $166.4927 to $170.0319 per share, and the sales were made under a Rule 10b5-1 plan. As of September 24, holdings included 54,612,012 Class B shares held directly and 39,630 common shares held indirectly by Hershey Trust Company; the Class B shares are convertible share-for-share into common stock.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
9 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($3.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value F6 | 8,395 | $166.4927 | $1.40M |
| Sale | Common Stock, $1.00 par value F7 | 1,605 | $167.1982 | $268K |
| Sale | Common Stock, $1.00 par value F1 | 4,159 | $166.8124 | $694K |
| Sale | Common Stock, $1.00 par value F2 | 1,187 | $167.4352 | $199K |
| Sale | Common Stock, $1.00 par value F3 | 2,589 | $168.5916 | $436K |
| Sale | Common Stock, $1.00 par value F4 | 1,978 | $169.2474 | $335K |
| Sale | Common Stock, $1.00 par value F5 | 87 | $170.0319 | $15K |
| holding | Class B Common Stock, $1.00 par value F10, F9 | -- | -- | -- |
| holding | Common Stock, $1.00 par value F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1.00 par value — 716,119 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 (10)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $166.5500 to $166.9593, 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 $167.0030 to $167.9952, 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 $168.0098 to $168.9987, 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 $169.0022 to $169.9966, 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 $170.0103 to $170.1096, 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 $166.1909 to $166.9900, 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.
- F7. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $167.0000 to $167.5200, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F9. 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.
- F10. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Common shares sold: 20,000 shares
Weighted-average sale price: $166.4927 per share
Weighted-average sale price: $170.0319 per share
+2 more
5 metrics
Common shares sold
20,000 shares
Seven direct transactions on September 24 and 25, 2026
Weighted-average sale price
$166.4927 per share
8,395 shares sold on September 25, 2026
Weighted-average sale price
$170.0319 per share
87 shares sold on September 24, 2026
Class B common shares held directly
54,612,012 shares
As of September 24, 2026; convertible share-for-share into common stock
Common shares held indirectly
39,630 shares
Held by Hershey Trust Company as of September 24, 2026
Key Terms
Rule 10b5-1 plan, weighted average price, Class B common stock, share-for-share
4 terms
Rule 10b5-1 plan regulatory
"sales were made under a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
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.
Class B common stock financial
"All shares of Class B common stock"
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.
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