Hershey Trust sells 30,000 Hershey Co shares
Hershey Trust Company, as trustee for the Milton Hershey School Trust and a more-than-10% owner of Hershey Co, reported open-market sales of Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School Trust and a more-than-10% owner of Hershey Co, reported open-market sales of Common Stock. Over April 13–15, it sold a total of 30,000 shares of Common Stock, $1.00 par value, through multiple trades at weighted average prices in the high $190s per share.
After these sales, the trust directly holds 1,846,119 shares of Common Stock and also reports 54,612,012 shares of Class B Common Stock, $1.00 par value, which are convertible share-for-share into Common Stock without an expiration date, plus 39,630 Common shares held indirectly by Hershey Trust Company.
Insider Trade Summary 10b5-1
Net Seller: 30,000 shares
Net Sell
20 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
30,000 shs ($5.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 1,848 | $191.8897 | $355K |
| Sale | Common Stock, $1.00 par value | 3,333 | $192.564 | $642K |
| Sale | Common Stock, $1.00 par value | 4,314 | $193.3861 | $834K |
| Sale | Common Stock, $1.00 par value | 81 | $194.355 | $16K |
| Sale | Common Stock, $1.00 par value | 243 | $195.2133 | $47K |
| Sale | Common Stock, $1.00 par value | 100 | $196.67 | $20K |
| Sale | Common Stock, $1.00 par value | 81 | $197.0282 | $16K |
| Sale | Common Stock, $1.00 par value | 300 | $194.3667 | $58K |
| Sale | Common Stock, $1.00 par value | 256 | $195.5612 | $50K |
| Sale | Common Stock, $1.00 par value | 826 | $196.5334 | $162K |
| Sale | Common Stock, $1.00 par value | 3,718 | $197.6918 | $735K |
| Sale | Common Stock, $1.00 par value | 902 | $198.3477 | $179K |
| Sale | Common Stock, $1.00 par value | 3,325 | $199.4921 | $663K |
| Sale | Common Stock, $1.00 par value | 673 | $200.1245 | $135K |
| Sale | Common Stock, $1.00 par value | 4,743 | $197.6478 | $937K |
| Sale | Common Stock, $1.00 par value | 3,701 | $198.2885 | $734K |
| Sale | Common Stock, $1.00 par value | 1,476 | $199.4746 | $294K |
| Sale | Common Stock, $1.00 par value | 80 | $200.24 | $16K |
| 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 — 1,846,119 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 (17)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $197.0289 to $197.9800, 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.
- F2. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $198.0000 to $198.9900, 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 $199.0100 to $199.8900, 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 $194.2100 to $194.6600, 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 $195.3399 to $195.6635, 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 $196.1200 to $196.9100, 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 $197.2100 to $197.9647, 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 $198.0000 to $198.9219, 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 $199.0126 to $199.9718, 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 $200.0358 to $200.2108, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $191.8500 to $191.9428, 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.
- F12. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $192.0200 to $192.9973, 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.
- F13. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $193.0011 to $193.9554, 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.
- F14. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $195.0500 to $195.3400, 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.
- F15. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F16. 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.
- F17. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 30,000 shares
Direct common holdings: 1,846,119 shares
Class B holdings: 54,612,012 shares
+3 more
6 metrics
Shares sold
30,000 shares
Total Common Stock sold April 13–15 via open-market trades
Direct common holdings
1,846,119 shares
Common Stock directly held following the latest reported sale
Class B holdings
54,612,012 shares
Class B Common Stock, convertible share-for-share into Common Stock
Indirect common holdings
39,630 shares
Common Stock held indirectly by Hershey Trust Company
Example sale price
$197.6918 per share
One weighted average price for an April 14 open-market sale
Highest referenced range top
$200.2108 per share
Upper end of one reported weighted average price range
Key Terms
open-market sale, Class B Common Stock, weighted average price, convertible share-for-share, +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
"security_title": "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.
more-than-10% owner regulatory
"is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What prices did the Milton Hershey School Trust receive for HSY stock sales?
The trust’s sales occurred at weighted average prices generally in the high $190s per share. Footnotes state the individual trades were within ranges such as $191.8500–$191.9428 and up to around $200.2108 per share during the sale dates.
What is the Milton Hershey School Trust’s Class B Common Stock position in HSY?
The trust reports holding 54,612,012 shares of Class B Common Stock, $1.00 par value. Footnotes state all Class B shares are convertible share-for-share into Common Stock at any time, with no expiration date and no payment required beyond the fact of conversion.
Were the Hershey Co (HSY) insider transactions open-market sales?
Yes. Each listed Form 4 transaction is coded “S” and described as an open-market sale or private transaction in Common Stock. The filing classifies these as non-derivative sales rather than option exercises, gifts, or tax withholdings.
Who is the reporting person for these HSY insider transactions?
The reporting person is Hershey Trust Company, acting as trustee in trust for the Milton Hershey School. The filing indicates Hershey Trust Company is wholly owned by Milton Hershey School Trust and serves as its trustee for these holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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