Hershey Trust trims Hershey Co (NYSE: HSY) stake with 30,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School Trust and a more than 10% stockholder of Hershey Co, reported open‑market sales of 30,000 common shares (par $1.00) from July 13–15, 2026 at weighted‑average prices between about $169.44 and $177.64 per share. It continues to hold a large position, including 54,612,012 Class B common shares directly, convertible share‑for‑share into common stock with no expiration, and 39,630 common shares held indirectly by Hershey Trust Company.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary 10b5-1
Net Seller: 30,000 shares ($5,175,855)
Net Sell
17 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
30,000 shs ($5.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 2,091 | $169.7823 | $355K |
| Sale | Common Stock, $1.00 par value | 4,916 | $170.355 | $837K |
| Sale | Common Stock, $1.00 par value | 2,305 | $171.3587 | $395K |
| Sale | Common Stock, $1.00 par value | 688 | $172.3015 | $119K |
| Sale | Common Stock, $1.00 par value | 1,928 | $170.8108 | $329K |
| Sale | Common Stock, $1.00 par value | 7,873 | $171.3686 | $1.35M |
| Sale | Common Stock, $1.00 par value | 67 | $172.271 | $12K |
| Sale | Common Stock, $1.00 par value | 41 | $173.4013 | $7K |
| Sale | Common Stock, $1.00 par value | 91 | $174.3546 | $16K |
| Sale | Common Stock, $1.00 par value | 252 | $172.5337 | $43K |
| Sale | Common Stock, $1.00 par value | 231 | $173.4497 | $40K |
| Sale | Common Stock, $1.00 par value | 891 | $174.8103 | $156K |
| Sale | Common Stock, $1.00 par value | 4,585 | $175.3936 | $804K |
| Sale | Common Stock, $1.00 par value | 3,500 | $176.4179 | $617K |
| Sale | Common Stock, $1.00 par value | 541 | $177.2273 | $96K |
| 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 — 1,234,028 shares (Direct);
Class B Common Stock, $1.00 par value — 54,612,012 shares (Direct);
Common Stock, $1.00 par value — 39,630 shares (Indirect, By Hershey Trust Company)
Footnotes (1)
- The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.3000 to $172.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0000 to $173.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.0200 to $174.9956, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $175.0000 to $175.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $176.0000 to $176.9650, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $177.0200 to $177.6400, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.1800 to $170.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0000 to $171.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0000 to $172.7400, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $173.0747 to $173.5200, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $174.2700 to $174.8200, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $169.4400 to $169.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $170.0000 to $170.9900, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $171.0000 to $171.9650, 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. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $172.0100 to $172.7400, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust. 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. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Common shares sold: 30,000 shares
Price range of sales: $169.4400–$177.6400 per share
Class B shares held: 54,612,012 shares
+2 more
5 metrics
Common shares sold
30,000 shares
Total open-market sales of common stock from July 13–15, 2026
Price range of sales
$169.4400–$177.6400 per share
Ranges of weighted-average sale prices across multiple transactions
Class B shares held
54,612,012 shares
Direct holdings of Class B common stock, convertible share-for-share into common
Indirect common shares held
39,630 shares
Common stock held indirectly by Hershey Trust Company
Net common share change
-30,000 shares
Net common shares sold according to the transaction summary
Key Terms
weighted average price, open-market sale, Class B common stock, share-for-share
4 terms
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.
open-market sale financial
"Sale in open market or private transaction"
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
"All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock"
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.
FAQ
What did Hershey Trust Company report in its latest HSY Form 4?
Hershey Trust Company reported selling 30,000 Hershey Co (HSY) common shares in open‑market transactions from July 13–15, 2026. The sales were executed at various weighted‑average prices in the high‑$160s to high‑$170s per share.
Over what dates and price ranges did the HSY insider sales occur?
The HSY insider sales occurred from July 13–15, 2026. Footnotes state the weighted‑average sale prices for different trade groups ranged from about $169.44 to $177.64 per share, reflecting multiple executions within those ranges.
What is Hershey Co Class B common stock and how does conversion work?
Hershey Co Class B common stock has $1.00 par value and is convertible share‑for‑share into common stock at any time, with no expiration date. A footnote states the conversion price equals the market price of the common stock on the previous business day.
Who is Hershey Trust Company in relation to the Milton Hershey School Trust?
A footnote explains that Hershey Trust Company is wholly owned by the Milton Hershey School Trust and serves as trustee for that trust. In this Form 4, it reports transactions as a more than 10% stockholder of Hershey Co (HSY).
What does "weighted average price" mean in this HSY Form 4?
For each sale line, the price shown is a weighted average price across multiple executions in a stated range. Footnotes say Hershey Trust Company will provide details of the number of shares sold at each individual price within those ranges upon request.