Insider trade

CFO sold ~$283K of HSY shares in the open market

Traded Dec 18, 2025 · Filed Dec 19, 2025

~$283K
Reported value · 1,500 sh @ $188.51: 54K
Holds after · shares reported: -15.3%
stock since the trade · S&P 500 +12.9%, $188.16 → $159.30 on Oct 1

Why it stands out

The money chief of Hershey Company (The) sold $283K of Hershey Company (The) shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 18, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 19, 2025

CFO$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$282,765

Shares × reported transaction price

Timing vs results

49 days after results of Oct 30, 2025, 49 days before results of Feb 5, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $188.16 on Dec 18, 2025, within 4% of its 52-week high, after an 11% rise over the previous 30 trading days

52-week range $144.74 (Feb 4, 2025) to $195.56 (Oct 8, 2025), 85% of the way up, from 250 adjusted closes. 30 trading days earlier: $169.88 on Nov 5, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	-3.0%	+0.4%	-3.5%
30 days	+5.2%	+0.1%	+5.1%
90 days	+15.4%	-4.3%	+19.8%
180 days	-8.3%	+8.7%	-17.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0000047111-25-000198
Filed / recorded: Dec 19, 2025, 9:14 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: HERSHEY CO
Issuer CIK: 47111
Ticker: HSY
Reporting person: Steven E Voskuil
Relationship: Officer
Officer title: SVP, Chief Financial Officer
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 18, 2025
Transaction code: S
Shares / units: 1,500
Price per share: $188.51
Acquired / disposed: Disposed (D)
Shares owned after: 53,819
Ownership form: Direct
Amendment: No

Footnotes from the filing

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2025.

Around the same time

9mo ago

517Shares · @ $193.13

Routine share withholding; mechanical by default.

Why it stands out Official record

Director sold ~$24K of Hershey Company (The)

Scheduled in advance9mo ago

9mo ago

246.7Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record