Hershey (HSY) director Nalebuff receives 221.795-share stock award

Rhea-AI Filing Summary

HERSHEY CO director Barry James Nalebuff received a grant of 221.795 shares of Common Stock on April 1, 2026, recorded at $0.0000 per share. After this award, he directly holds 1,600.890 shares, which include 7.633 shares acquired on March 16, 2026 through a dividend reinvestment feature of the Company’s Directors’ Compensation Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nalebuff Barry James

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	221.795	$0.00	--

Holdings After Transaction: Common Stock — 1,600.89 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 221.795 shares Grant price per share: $0.0000 per share Total shares after transaction: 1,600.890 shares +1 more

4 metrics

Shares granted 221.795 shares Common Stock grant on April 1, 2026

Grant price per share $0.0000 per share Recorded value for awarded Common Stock

Total shares after transaction 1,600.890 shares Direct holdings following the April 1, 2026 grant

Dividend reinvestment shares 7.633 shares Acquired March 16, 2026 via dividend reinvestment feature

Key Terms

dividend reinvestment, Directors' Compensation Plan, broad-based dividend reinvestment plan, grant, award, or other acquisition

4 terms

dividend reinvestment financial

"shares acquired on March 16, 2026, pursuant to a dividend reinvestment feature"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Directors' Compensation Plan financial

"pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan"

broad-based dividend reinvestment plan financial

"similar to the dividend reinvestment features of the broad-based dividend reinvestment plan"

grant, award, or other acquisition financial

"transaction coded as A, described as Grant, award, or other acquisition"

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^*

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)
04/01/2026

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	04/01/2026		A		221.795	A	$0	1,600.89	D(1)

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:

1. The total amount of securities reported as directly owned in Column 5 includes 7.633 shares acquired on March 16, 2026, pursuant to a dividend reinvestment feature of the Company's Directors' Compensation Plan, the provisions of which are substantially similar to the dividend reinvestment features of the broad-based dividend reinvestment plan available generally to Company stockholders.

	/s/ Kathleen S. Purcell, Agent for Barry J. Nalebuff	04/03/2026
	** 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 HSY director Barry James Nalebuff report?

Barry James Nalebuff reported receiving a grant of 221.795 shares of HERSHEY CO Common Stock on April 1, 2026. The transaction is classified as a grant, award, or other acquisition rather than an open-market purchase or sale.

How many HERSHEY CO shares does Barry James Nalebuff hold after this Form 4?

Following the reported grant, Barry James Nalebuff directly holds 1,600.890 shares of HERSHEY CO Common Stock. This total includes shares received through the April 1, 2026 award and shares previously accumulated, such as those from dividend reinvestment.

What was the price per share for the HSY stock granted to Barry James Nalebuff?

The 221.795 shares of HERSHEY CO Common Stock granted to Barry James Nalebuff on April 1, 2026 were recorded at $0.0000 per share. This pricing reflects a compensation-related stock award rather than a cash purchase transaction in the open market.

How were additional HSY shares acquired through dividend reinvestment for Barry James Nalebuff?

The filing notes that 7.633 shares were acquired on March 16, 2026 through a dividend reinvestment feature of the Company’s Directors’ Compensation Plan. This feature is substantially similar to the dividend reinvestment plan available broadly to HERSHEY CO stockholders.

Is Barry James Nalebuff’s HSY ownership on this Form 4 direct or indirect?

The 1,600.890 HERSHEY CO shares reported for Barry James Nalebuff are held as direct ownership. The filing classifies the nature of ownership as direct, meaning the shares are recorded in his name rather than through an intermediary entity.

Does this HSY Form 4 involve any option exercises or derivative securities?

This Form 4 reports only a non-derivative transaction in HERSHEY CO Common Stock, classified as a grant, award, or other acquisition. The derivative section is empty, indicating no option exercises, conversions, or other derivative transactions in this particular filing.