Hershey Trust sells 30,000 Hershey shares
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 30,000 shares of The Hershey Company common stock.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School, reported open-market sales of 30,000 shares of The Hershey Company common stock. The sales took place over several transactions on April 6–8 at prices generally around $206–$209 per share.
After these transactions, the reporting person continues to show large exposure through 54,612,012 shares of Class B common stock, which is convertible share-for-share into Hershey common stock at any time with no expiration date.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
Net Sell
13 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
30,000 shs ($6.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 416 | $206.7712 | $86K |
| Sale | Common Stock, $1.00 par value | 2,142 | $207.6307 | $445K |
| Sale | Common Stock, $1.00 par value | 7,442 | $208.5732 | $1.55M |
| Sale | Common Stock, $1.00 par value | 17 | $205.9756 | $4K |
| Sale | Common Stock, $1.00 par value | 4,514 | $206.706 | $933K |
| Sale | Common Stock, $1.00 par value | 4,006 | $207.5193 | $831K |
| Sale | Common Stock, $1.00 par value | 1,463 | $208.4068 | $305K |
| Sale | Common Stock, $1.00 par value | 85 | $205.45 | $17K |
| Sale | Common Stock, $1.00 par value | 500 | $206.632 | $103K |
| Sale | Common Stock, $1.00 par value | 7,681 | $207.6825 | $1.60M |
| Sale | Common Stock, $1.00 par value | 1,734 | $208.2652 | $361K |
| 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 — 1,896,119 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 (13)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.3200 to $206.9900, 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.
- F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $207.0100 to $207.9900, 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.
- F3. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.0000 to $208.7300, 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 $205.9700 to $205.9800, 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.
- F5. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $206.0000 to $206.9900, 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.
- F6. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $207.0000 to $207.9900, 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 $208.0000 to $208.8800, 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 $206.2700 to $206.9500, 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 $207.0511 to $207.9949, 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 $208.0200 to $208.9900, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F12. 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.
- F13. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Common shares sold: 30,000 shares
Sale price range: $205.45–$208.88 per share
Class B underlying shares: 54,612,012 shares
+2 more
5 metrics
Common shares sold
30,000 shares
Total open-market sales reported across April 6–8
Sale price range
$205.45–$208.88 per share
Weighted-average price ranges from multiple transactions
Class B underlying shares
54,612,012 shares
Class B common stock directly owned, convertible into common
Representative sale price
$207.6825 per share
Weighted average for a 7,681-share sale on April 6
Another sale price
$208.5732 per share
Weighted average for a 7,442-share sale on April 8
Key Terms
open-market sale, Class B common stock, weighted average price, underlying security, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
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
"securityTitle": "Class B Common Stock, $1.00 par value""
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.
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.
underlying security financial
"underlying_security_title": "Common Stock, $1.00 par value""
ten percent owner financial
""is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hershey Trust Company report in this HSY Form 4 filing?
The filing shows Hershey Trust Company, as trustee for Milton Hershey School, sold 30,000 Hershey common shares in open-market transactions. The trades occurred over April 6–8 at prices slightly above $200 per share, reflecting routine portfolio activity by a major shareholder.
Who is the reporting person in this Hershey HSY insider transaction?
The reporting person is Hershey Trust Company, acting as trustee for the Milton Hershey School Trust and identified as a ten percent owner. The transactions therefore reflect activity by a major institutional holder associated with the school, rather than by a corporate executive of The Hershey Company.
Does the Hershey Trust still hold a large position in HSY after these sales?
Yes. The filing reports holdings of 54,612,012 shares of Class B common stock. This Class B stock is directly owned and is convertible share-for-share into Hershey common stock at any time, indicating the trust continues to maintain a very substantial economic interest in the company.
What is special about Hershey’s Class B common stock reported in this filing?
The Class B common stock has a par value of $1.00 and is convertible into Hershey common stock on a one-for-one basis. Conversion can occur at any time without additional payment beyond the fact of conversion, and the security has no expiration date, according to the disclosure.
Were these Hershey (HSY) insider sales part of multiple trades during each day?
Yes. Footnotes explain that the reported prices are weighted averages for numerous trades in each block. Shares were sold in multiple transactions within specified intraday price ranges, and the reporting person offers to provide full details on the number of shares at each separate price upon request.
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