Hershey HR chief reports 102-share withholding

Hershey’s SVP and CHRO had shares withheld to cover option exercise price or taxes, leaving a direct holding of 4,224 HSY shares.

Rhea-AI Filing Summary

HERSHEY CO (HSY) reported that senior vice president and chief human resources officer Natalie Schechtman had 102 shares of Common Stock withheld on September 18, 2026, at $169.79 per share as a payment of exercise price or tax liability by delivering or withholding securities. After this disposition, she holds 4,224 shares directly. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Exercise Price or Tax Liability: 102 shares

Exercise Price or Tax Liability 1 txn

Insider Schechtman Natalie

Role SVP and CHRO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	102	$169.79	$17K

Holdings After Transaction: Common Stock — 4,224 shares (Direct)

Key Figures

Shares withheld: 102 shares Per-share value for transaction: $169.79 per share Shares owned after transaction: 4,224 shares +1 more

4 metrics

Shares withheld 102 shares Shares delivered or withheld for payment of exercise price or tax liability on September 18, 2026

Per-share value for transaction $169.79 per share Value applied to 102 withheld shares on September 18, 2026

Shares owned after transaction 4,224 shares Directly owned Hershey common shares following the September 18, 2026 transaction

Exercise price or tax-liability shares 102 shares Total shares used for payment of exercise price or tax liability in this Form 4

Key Terms

Common Stock, Payment of exercise price or tax liability by delivering or withholding securities, beneficially owned

3 terms

Common Stock financial

"The security involved in the transaction is described as Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Payment of exercise price or tax liability by delivering or withholding securities financial

"Transaction code F is described as payment of exercise price or tax liability"

beneficially owned financial

"The form lists total shares beneficially owned following the transaction"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did HSY report for executive Natalie Schechtman?

Hershey reported that Natalie Schechtman had 102 HSY common shares withheld on September 18, 2026 as a payment of exercise price or tax liability by delivering or withholding securities, at a reported value of $169.79 per share.

How many HSY shares does Natalie Schechtman hold after this Form 4 transaction?

After the reported transaction, Natalie Schechtman directly holds 4,224 shares of Hershey common stock. The Form 4 lists this figure as the total number of shares beneficially owned following the disposition related to payment of exercise price or tax liability.

Was the HSY insider transaction part of a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan was affirmed for this transaction. This means the withholding of 102 shares for payment of exercise price or tax liability was not reported as executed under a pre-arranged trading plan.

Did the HSY executive sell shares on the open market in this Form 4?

The Form 4 does not report an open-market sale. Instead, it reports a code F transaction, described as payment of exercise price or tax liability by delivering or withholding securities for 102 shares of Hershey common stock.

What price per share is associated with the HSY insider’s withheld shares?

The Form 4 lists a value of $169.79 per share for the 102 shares withheld in connection with payment of exercise price or tax liability. This price is reported on the transaction row for September 18, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/22/2026 - 05:43 PM Accepted by SEC EDGAR 09/22/2026 - 05:43 PM Learn about SEC filing dates

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^*

Schechtman Natalie

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and CHRO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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	09/18/2026		F		102	D	$169.79	4,224	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/ Shayon T. Smith, Agent for Natalie Schechtman	09/22/2026
	** 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)