John B. Hess - Feb 7, 2024 Form 4 Insider Report for HESS CORP (HES)

Role
Chief Executive Officer, Director
Signature
Barry Schachter for John B. Hess
Stock symbol
HES
Transactions as of
Feb 7, 2024
Transactions value $
-$2,964,403
Form type
4
Date filed
2/9/2024, 04:48 PM
Previous filing
Mar 8, 2023
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value +Options Exercise $0 +38,824 +32.27% $0.00 159,134 Feb 7, 2024 Direct F1
transaction HES Common Stock, $1.00 par value -Tax liability -$2,964,403 -20,416 -12.83% $145.20 138,718 Feb 7, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HES 2021 Performance Share Unit -Options Exercise $0 -58,824 -100% $0.00 0 Feb 7, 2024 Common Stock, $1.00 par value 38,824 $0.00 Direct F3

Explanation of Responses:

Id Content
F1 Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 6, 2021, based on the relative performance of total shareholder return of Hess common stock compared with that of its peers over the three-year performance period ending December 31, 2023.
F2 Represents the withholding of shares to satisfy tax obligations on the vesting of shares of Hess Corporation common stock earned from Performance Share Units.
F3 Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2023, as more particularly described in the applicable award agreement.