Milton Hershey School Trust Sells 30,000 Hershey Shares for $5.2 Million. Here's What Investors Should Know.

The Milton Hershey School Trust, an insider entity of The Hershey Company (NYSE:HSY), sold 30,000 shares of common stock in two transactions on July 13, 2026, and July 14, 2026, per an SEC Form 4 filing. The weighted average sale price was $172.53, while the post-transaction reference used the July 15, 2026 market close at $170.27. The trades were carried out in multiple tranches at weighted-average prices ranging from $169.44 to $177.64 per share. Beyond about 1.3 million common shares, the entity also holds about 54.6 million shares of Class B stock, convertible share-for-share into common at any time. Over the preceding year, Hershey delivered a total return of 5% as of the transaction date. The Milton Hershey School Trust wholly owns the Hershey Trust Company and serves as trustee for the school trust managing its stake in the confectioner.