SC 13G 1 sec-mhst13g22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 31)* The Hershey Company (Name of Issuer) Common Stock, one dollar ($1.00) par value (Title of Class of Securities) 427866 10 8 (CUSIP Number) 12/31/2022 (Date of Event, Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) / / Rule 13d-1(c) /X / Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1745 (12-02) CUSIP No. 427866 10 8 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only). Milton Hershey School and School Trust (Hershey Trust Company, Trustee in Trust for Milton Hershey School) FIN 23-1353340 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / / (b) / / 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania NUMBER OF 5. SOLE VOTING POWER SHARES None BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 6. SHARED VOTING POWER 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock 7. SOLE DISPOSITIVE POWER None 8. SHARED DISPOSITIVE POWER 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% (0 of 146,850,940 outstanding) 28.4% (58,112,012 of 204,964,717 outstanding pursuant to Rule 13d-3(d)(1)) 12. TYPE OF REPORTING PERSON (See Instructions) OO Item 1(a) NAME OF ISSUER: The Hershey Company (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: P.O. Box 810, Hershey, Pennsylvania 17033 Item 2(a) NAME OF PERSON FILING: Hershey Trust Company, Trustee in Trust for Milton Hershey School Trust (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE: 100 Mansion Road East, P.O. Box 445, Hershey, Pennsylvania 17033 (c) CITIZENSHIP: Pennsylvania (d) TITLE OF CLASS OF SECURITIES: Common Stock, one dollar ($1.00) par value (e) CUSIP NUMBER: 427866 10 8 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not applicable. Item 4. OWNERSHIP: The following information is provided as of December 31, 2022: (a) AMOUNT BENEFICIALLY OWNED: 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock (b) PERCENT OF CLASS: 0.0% (0 of 145,495,237 outstanding); 28.4% (58,112,012 of 204,964,717 outstanding pursuant to Rule 13d-3(d)(1)) (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: None (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: None (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 58,112,012 shares of Class B Common Stock ($1.00 par value) convertible share for share into Common Stock Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following / /. Not Applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not Applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not Applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable. Item 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable. Item 10. CERTIFICATION BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE NOT ACQUIRED AND ARE NOT HELD FOR THE PURPOSE OF OR WITH THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF THE SECURITIES AND WERE NOT ACQUIRED AND ARE NOT HELD IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING THAT PURPOSE OR EFFECT, OTHER THAN ACTIVITIES SOLELY IN CONNECTION WITH A NOMINATION UNDER SECTION 240.14A-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2023 HERSHEY TRUST COMPANY, TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL By /s/ Derek Holjes, VP of Finance HERSHEY TRUST COMPANY, TRUSTEE

SEC Form SC 13G filed by The Hershey Company