{"schema_version":"secwatch.filing_event.v1","accession":"0000047111-23-000008","form_type":"8-K","ticker":"HSY","cik":"0000047111","company_name":"HERSHEY CO","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.707681+00:00","generated_at":"2026-06-19T12:25:17.684902+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hershey agrees to buy 1M shares from Milton Hershey School Trust for $239.9M","bullets":["Purchases 1,000,000 shares of common stock at $239.91 per share from the Milton Hershey School Trust.","Total purchase price of $239,910,000; shares converted from Class B stock prior to sale.","Transaction approved by disinterested independent directors of the Board's Executive Committee.","Closing occurred on February 15, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000047111-23-000008","json":"https://secwatch.observer/filing/0000047111-23-000008.json","markdown":"https://secwatch.observer/filing/0000047111-23-000008.md","text":"https://secwatch.observer/filing/0000047111-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000008/0000047111-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000008/hsy-20230213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T12:25:17.684902+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"776120a181c70fb56943136a31b402ed818a3999","claim":"HERSHEY CO entered into Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust valued at $239,910,000 (effective 2023-02-13).","evidence_excerpt":"Effective February 13, 2023, The Hershey Company (the “Company”) entered into a Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust (the “Trust”), pursuant to which the Company agreed to purchase 1,000,000 shares of the Company’s Common Stock from the Trust at a price equal to $239.91 per share, for a total purchase price of $239,910,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/47111/000004711123000008/0000047111-23-000008-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Hershey Trust Company, as trustee for the Milton Hershey School Trust"},{"label":"Value","value":"$239,910,000"},{"label":"Effective","value":"2023-02-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}