John A. Gatling - Mar 8, 2024 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
President and COO
Signature
Barry Schachter for John A. Gatling
Stock symbol
HESM
Transactions as of
Mar 8, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 06:15 PM
Previous filing
Mar 15, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Options Exercise $0 +3.72K +7.47% $0.00 53.5K Mar 8, 2024 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2.49K +4.64% $0.00 56K Mar 8, 2024 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2.95K +5.26% $0.00 59K Mar 8, 2024 Direct F1

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 HESM 2021 Phantom Shares Options Exercise $0 -3.72K -100% $0.00* 0 Mar 8, 2024 Class A Shares 3.72K $0.00 Direct F2
transaction HESM 2022 Phantom Shares Options Exercise $0 -2.49K -50% $0.00 2.49K Mar 8, 2024 Class A Shares 2.49K $0.00 Direct F3
transaction HESM 2023 Phantom Shares Options Exercise $0 -2.95K -33.33% $0.00 5.9K Mar 8, 2024 Class A Shares 2.95K $0.00 Direct F4
transaction HESM 2024 Phantom Shares Award $0 +7.14K $0.00 7.14K Mar 8, 2024 Class A Shares 7.14K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class A shares acquired upon settlement of phantom shares granted under Hess Midstream's 2017 Long Term Incentive Plan.
F2 The 2021 phantom shares vested on March 8, 2024 and have no expiration date.
F3 The remaining 2022 phantom shares vest on March 8, 2025 and have no expiration date.
F4 The remaining 2023 phantom shares vest ratably on March 8, 2025 and March 8, 2026 and have no expiration date.
F5 Each phantom share is the economic equivalent of one Class A Share.
F6 The phantom shares will vest in three equal installments beginning on March 8, 2025 and have no expiration date.