Hershey (NYSE: HSY) VP reports Form 4 tax-withholding share transaction

Rhea-AI Filing Summary

Hershey Co VP and Chief Accounting Officer Jennifer McCalman reported a tax-related share disposition under a Form 4. On this transaction, she disposed of 112 shares of Hershey common stock at a price of $226.07 per share to cover tax withholding obligations. Following this tax-withholding disposition, she directly owned 2,882 shares of Hershey common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCalman Jennifer

Role VP, Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	112	$226.07	$25K

Holdings After Transaction: Common Stock — 2,882 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

McCalman Jennifer

(Last) (First) (Middle)

19 EAST CHOCOLATE AVENUE

(Street)

HERSHEY PA 17033

(City) (State) (Zip)

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)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/23/2026		F		112	D	$226.07	2,882	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 Jennifer McCalman	02/25/2026
	** 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.

FAQ

What insider transaction did Hershey (HSY) report for Jennifer McCalman?

Hershey reported that VP and Chief Accounting Officer Jennifer McCalman disposed of 112 shares of common stock. The transaction was a tax-withholding disposition, meaning shares were withheld to satisfy tax obligations rather than sold in an open-market trade.

What was the price per share in Jennifer McCalman’s Hershey (HSY) Form 4 transaction?

The Form 4 lists a transaction price of $226.07 per Hershey common share. This price is used for reporting the tax-withholding disposition and calculating the value of shares applied to cover McCalman’s tax liability on the underlying equity event.

How many Hershey (HSY) shares does Jennifer McCalman own after this Form 4 transaction?

After the reported tax-withholding disposition, Jennifer McCalman directly owns 2,882 shares of Hershey common stock. This post-transaction balance reflects her remaining direct holdings following the delivery of 112 shares to satisfy tax obligations.

Was Jennifer McCalman’s Hershey (HSY) transaction an open-market sale?

No, the transaction is coded “F” and described as a tax-withholding disposition. This indicates shares were delivered to cover exercise price or tax liability, rather than being sold by McCalman in a discretionary open-market transaction.

What does transaction code "F" mean in the Hershey (HSY) Form 4 filing?

Transaction code “F” signifies payment of an exercise price or tax liability by delivering securities. In this Hershey filing, it means 112 shares were used to satisfy Jennifer McCalman’s tax obligations instead of representing a standard open-market sale.