Hershey Trust Co Trustee In Trust For Milton Hershey School's Form 4 filing
Hershey Co (HSY) · filed Feb 15, 2023
- Accession no.
- 0000938543-23-000002
- Filed
- Feb 15, 2023
- Trade date
- Feb 13-15, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $239.9M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Hershey Trust Co Trustee In Trust For Milton Hershey SchoolCIK 0000938543 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 13, 2023 | Common Stock, $1.00 par value | CConversionDisposed | −1,000,000 | $239.91F5 | −$239,910,000 | 57,112,012 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Shares received upon conversion of Class B common stock. The conversion price is the market price at the time of conversion and represents the closing price on 02/13/2023.
Referenced by the price of 1 transaction in Table I.
- F2
Shares sold by the Milton Hershey School Trust in a private sale to The Hershey Company.
Referenced by the price of 1 transaction in Table I.
- F5
The conversion price is the market price at the time of conversion and represents the closing price on 02/13/2023
Referenced by the price of 1 transaction in Table II.