John A. Gatling - 08 Mar 2025 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
President and COO
Signature
Barry Schachter for John A. Gatling
Issuer symbol
HESM
Transactions as of
08 Mar 2025
Net transactions value
-$84,728
Form type
4
Filing time
11 Mar 2025, 16:40:58 UTC
Previous filing
13 Mar 2024
Next filing
14 Aug 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Options Exercise $0 +2,486 +4.4% $0.000000 59,218 08 Mar 2025 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2,948 +5% $0.000000 62,166 08 Mar 2025 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2,378 +3.8% $0.000000 64,544 08 Mar 2025 Direct F1
transaction HESM Class A Shares Sale $84,728 -2,087 -3.2% $40.60 62,457 11 Mar 2025 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 HESM 2022 Phantom Shares Options Exercise $0 -2,486 -100% $0.000000 0 08 Mar 2025 Class A Shares 2,486 $0.000000 Direct F3
transaction HESM 2023 Phantom Shares Options Exercise $0 -2,948 -50% $0.000000 2,948 08 Mar 2025 Class A Shares 2,948 $0.000000 Direct F4
transaction HESM 2024 Phantom Shares Options Exercise $0 -2,378 -33% $0.000000 4,757 08 Mar 2025 Class A Shares 2,378 $0.000000 Direct F5
transaction HESM 2025 Phantom Shares Award $0 +6,199 $0.000000 6,199 08 Mar 2025 Class A Shares 6,199 Direct F6, F7
* 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 Shares sold solely to satisfy tax withholding upon settlement of phantom shares.
F3 The 2022 phantom shares vested on March 8, 2025 and have no expiration date.
F4 The remaining 2022 phantom shares vest on March 8, 2026 and have no expiration date.
F5 The remaining 2024 phantom shares vest ratably on March 8, 2026 and March 8, 2027 and have no expiration date.
F6 Each phantom share is the economic equivalent of one Class A Share.
F7 The phantom shares will vest in three equal installments beginning March 8, 2026 and have no expiration date.