'Hershey' Major Shareholder Sells Shares Multiple Times in May...Limited Scale

From May 18 to 27, Hershey Trust Co. sold approximately 77,000 shares of The Hershey Company (NYSE: HSY) common stock on the open market, raising about $15 million (approximately KRW 19 billion). As a result, the trust’s direct and indirect common‐stock holdings fell slightly to around 1.6 million shares, but including voting convertible Class B shares, its overall stake remains valued at roughly $11 billion (about KRW 14 trillion), preserving a substantial interest.

Recently, Hershey has been stepping up its supply‐chain digital transformation and automation efforts. Jason Reiman, the company’s current Head of Supply Chain, is set to retire on June 22, 2026, and Mitchell Arends has been named Chief Supply Chain Officer. In March, Hershey also announced an organizational realignment that unifies its U.S. sweets, snacks and protein brands under a single “ONE Hershey” operating model to enhance distribution and marketing efficiency.

Hershey Trust Company, established in 1909, is a trust institution that holds and manages shares of The Hershey Company on behalf of the non-profit Milton Hershey School, providing a significant portion of the school’s operating funds. The Hershey Company, based in Hershey, Pennsylvania, is a global chocolate and snack manufacturer known for brands such as Hershey’s Bar, Reese’s and Kisses, with products sold across North America and around the world.