Gregory P. Hill - 07 Feb 2024 Form 4 Insider Report for HESS CORP (HES)

Role: COO and Prresident, E&P
Signature: Barry Schachter for Gregory P. Hill
Issuer symbol: HES
Transactions as of: 07 Feb 2024
Net transactions value: -$1,202,546
Form type: 4
Filing time: 09 Feb 2024, 16:53:37 UTC
Previous filing: 01 Aug 2023
Next filing: 01 Mar 2024
SEC: View on sec.gov

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	+23,637	+29%	$0.000000	106,569	07 Feb 2024	Direct	F1
transaction	HES	Common Stock, $1.00 par value	Tax liability	$1,202,546	-8,282	-7.8%	$145.20	98,287	07 Feb 2024	Direct	F2, F3

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	-35,813	-100%	$0.000000^*	0	07 Feb 2024	Common Stock, $1.00 par value	23,637	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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	This amount includes 22,670 shares held in escrow pursuant to the Corporation's Long-Term Incentive Plans. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plan at which time the shares plus accrued dividends will be delivered to the reporting person if the reporting person is still an employee of the Corporation.
F4	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.