Hershey Trust sells 20,000 Hershey Co. shares
Hershey Trust Company, as trustee for the Milton Hershey School, sold 20,000 shares of The Hershey Company common stock in open-market transactions.
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Form Type
4
Rhea-AI Filing Summary
Hershey Trust Company, as trustee for the Milton Hershey School, sold 20,000 shares of The Hershey Company common stock in open-market transactions. The sales occurred over two days at prices ranging from $202.27 to $210.84 per share.
After these sales, the reporting person held 1,876,119 shares of common stock directly, plus 39,630 shares held indirectly by Hershey Trust Company. It also reported direct ownership of 54,612,012 shares of Class B common stock, which are convertible share-for-share into common stock without an expiration date.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
14 txns
Insider
HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL
Role
10% Owner
Sold
20,000 shs ($4.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $1.00 par value | 3,765 | $202.4527 | $762K |
| Sale | Common Stock, $1.00 par value | 531 | $203.457 | $108K |
| Sale | Common Stock, $1.00 par value | 734 | $204.6319 | $150K |
| Sale | Common Stock, $1.00 par value | 2,178 | $205.6473 | $448K |
| Sale | Common Stock, $1.00 par value | 1,630 | $206.3807 | $336K |
| Sale | Common Stock, $1.00 par value | 853 | $207.8119 | $177K |
| Sale | Common Stock, $1.00 par value | 26 | $208.3294 | $5K |
| Sale | Common Stock, $1.00 par value | 283 | $210.4967 | $60K |
| Sale | Common Stock, $1.00 par value | 82 | $207.60 | $17K |
| Sale | Common Stock, $1.00 par value | 125 | $208.9462 | $26K |
| Sale | Common Stock, $1.00 par value | 2,531 | $209.4443 | $530K |
| Sale | Common Stock, $1.00 par value | 7,262 | $210.5392 | $1.53M |
| 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 — 1,876,119 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 (14)
- F1. The Price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at price a ranging from $208.9104 to $208.9694, 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 $209.0000 to $209.9984, 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 $210.0128 to $210.8400, 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 $202.2700 to $202.8999, 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 $203.0458 to $203.8248, 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 $204.0521 to $204.9600, 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 $205.0049 to $205.9963, 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 $206.0010 to $206.8878, 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 $207.0072 to $207.9963, 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 $208.3294 to $208.3294, 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 $210.3700 to $210.7900, 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. Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
- F13. 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.
- F14. The conversion price is the market price of the Common Stock on the previous business day.
Key Figures
Shares sold: 20,000 shares
Sale price range: $202.27–$210.84 per share
Direct common holdings after sales: 1,876,119 shares
+3 more
6 metrics
Shares sold
20,000 shares
Total open-market common stock sales reported in Form 4
Sale price range
$202.27–$210.84 per share
Weighted-average price ranges from footnotes F4 and F11
Direct common holdings after sales
1,876,119 shares
Total Hershey common stock directly owned following last sale
Indirect common holdings
39,630 shares
Common stock held indirectly by Hershey Trust Company
Class B stock underlying shares
54,612,012 shares
Class B common stock convertible share-for-share into common
Net share direction
20,000-share net sell
transactionSummary netBuySellShares and netBuySellDirection
Key Terms
open-market sale, ten percent owner, weighted average price, Class B Common Stock, +2 more
6 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.
ten percent owner regulatory
""is_ten_percent_owner": 1"
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.
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.
underlying security financial
"underlying_security_title": "Common Stock, $1.00 par value""
conversion price financial
"The conversion price is the market price of the Common Stock on the previous business day."
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were the Hershey (HSY) sales by the trust open-market transactions?
Yes. Each sale transaction is coded “S” and described as an open-market sale or private transaction. Footnotes explain that reported prices are weighted averages over multiple trades within stated price ranges on the trade dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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