Hershey (NYSE: HSY) director granted 119 shares in stock award

Rhea-AI Filing Summary

Nalebuff Barry James reported acquisition or exercise transactions in this Form 4 filing.

Hershey Co director Barry James Nalebuff received a stock award of 119.259 shares of common stock on March 16, 2026 at a value of $220.11 per share. After this grant, he directly holds a total of 1,371.462 Hershey 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^*

Nalebuff Barry James

(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)
03/16/2026

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	03/16/2026		A		119.259	A	$220.11	1,371.462	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 Barry J. Nalebuff	03/18/2026
	** 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) report for Barry James Nalebuff?

Hershey reported that director Barry James Nalebuff received a grant of 119.259 shares of common stock. The transaction is coded as an acquisition through a grant or award, reflecting compensation rather than an open-market purchase or sale.

What price was used for Barry James Nalebuff’s Hershey (HSY) stock award?

The stock award to Barry James Nalebuff used a value of $220.11 per share. This figure reflects the transaction price for 119.259 common shares recorded in the Form 4 as a grant or award acquisition.

How many Hershey (HSY) shares does Barry James Nalebuff hold after this Form 4 transaction?

After the reported grant, Barry James Nalebuff directly holds 1,371.462 Hershey common shares. This total includes the newly awarded 119.259 shares and represents his direct ownership position following the March 16, 2026 transaction.

Was Barry James Nalebuff’s Hershey (HSY) Form 4 transaction a market buy or sell?

The Form 4 identifies the transaction as a grant, award, or other acquisition, not an open-market buy or sell. It reflects a compensation-related award of 119.259 Hershey common shares to director Barry James Nalebuff.

Is Barry James Nalebuff’s Hershey (HSY) stock transaction direct or indirect ownership?

The transaction is reported as direct ownership of common stock. The Form 4 lists the ownership code as direct, meaning the 119.259 awarded shares and the resulting 1,371.462-share position are held directly by Barry James Nalebuff.