HSY HERSHEY CO

NEUTRAL Impact: 4/10 Insider Cluster (8 insiders)
Horizon days Filed Mar 18, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $356K total
Final — all horizons settled through T+60d ⚠ clustered
HSY ▼ -14.99% at T+60d
NEUTRAL call ✗ call lost -14.99% · α vs SPY -26.51% · entry $212.72 → $180.84
Currently $181.66 · -14.60% from $212.72 entry
Entry anchored
Mar 17, 03:59 PM ET
via Databento tick
T+1d
-1.01%
call -1.01% · α -0.74%
$210.58
settled 3mo ago
T+5d
+2.01%
call +2.01% · α +2.73%
$217.00
settled 3mo ago
T+20d
-10.04%
call -10.04% · α -16.09%
$191.36
settled 8w ago
T+60d
-14.99%
call -14.99% · α -26.51%
$180.84
settled 2d ago

Price Chart

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Executive Summary

The Hershey Trust Co, trustee for Milton Hershey School, conducted open-market sales of HSY shares totaling approximately $439,385 over four days, while several C-suite executives had shares withheld for tax purposes. The sales represent a routine divestment by the trust, while the tax withholdings are non-cash events tied to equity compensation.

Key Financial Metrics

Direction
selling
Total Value
$439.4K
Insiders
8

Actionable Insight

Monitor for additional open-market selling by the Hershey Trust or insiders; current activity is within normal ranges and not indicative of distress, but sustained selling could signal reduced confidence.

Key Facts

  • Hershey Trust Co sold 2,087 shares in open-market transactions from March 20–24, 2026, totaling $439,385.
  • Seven C-suite executives had shares withheld for tax obligations on March 19, 2026, totaling $1.2 million in value, but these are non-cash transactions (Form 4 code F).
  • The total open-market sales by the trust represent only 0.001% of HSY's $43.6B market cap, indicating minimal market impact.
  • No insider purchases were reported in the cluster.

Financial Impact

$439,385 in open-market sales by Hershey Trust; $1.2M in tax-related share withholdings by executives (non-cash)

insider ownershipshare count

Risk Factors

  • Perception risk if media mischaracterizes tax withholdings as insider selling.
  • Ongoing trust divestments could lead to gradual ownership dilution over time.

Market Snapshot

Exchange
NYSE

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (11 trades, 7d window)cluster-HSY-1774469918059
17 reports for HSY
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +5.27%Apr 30, 2026
Filters
Rows
Reports for HSY — sortable, filterable
Type Now
Jun 9, 2026
3d ago
8-K
NEUTRAL ★ 2/10
$175.88 awaiting T+5awaiting T+5$181.66 (+3.29%)
May 28, 2026
15d ago
8-K
NEUTRAL ★ 2/10
$194.03 $184.58▼ −4.87%▼ −2.35%$181.66 (−6.38%)
May 20, 2026
23d ago
Insider Cluster
NEUTRAL ★ 2/10
$190.39 $197.04▲ +3.49%▲ +1.89%$181.66 (−4.59%)
May 19, 2026
24d ago
Insider Cluster
NEUTRAL ★ 2/10
$190.84 $197.82▲ +3.66%▲ +2.42%$181.66 (−4.81%)
Apr 30, 2026
6w ago
8-K
BULLISH ★ 7/10
$184.32 $185.63▲ +0.71%▼ −1.02%$181.66 (−1.44%)
Apr 20, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$191.45 $186.49▼ −2.59%▼ −3.50%$181.66 (−5.11%)
Apr 17, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$192.63 $191.48▼ −0.60%▼ −1.15%$181.66 (−5.69%)
Apr 2, 2026
10w ago
Insider Cluster
NEUTRAL ★ 5/10
$206.19 $202.31▼ −1.88%▼ −5.50%$181.66 (−11.90%)
Apr 2, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$206.19 $202.31▼ −1.88%▼ −5.50%$181.66 (−11.90%)
Mar 31, 2026
10w ago
8-K
BULLISH ★ 7/10
$207.89 $208.99▲ +0.53%▼ −3.41%$181.66 (−12.62%)
Showing 10 of 17

US Market Status

Market Closed — Opens Mon (47h 1m)

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