John B. Hess - Feb 1, 2022 Form 4 Insider Report for HESS CORP (HES)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Barry Schachter for John B. Hess
Stock symbol
HES
Transactions as of
Feb 1, 2022
Transactions value $
-$20,146,019
Form type
4
Date filed
2/3/2022, 07:42 PM
Previous filing
Dec 10, 2021
Next filing
Mar 8, 2022

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 +110,371 +78.95% $0.00 250,168 Feb 1, 2022 Direct F1, F2
transaction HES Common Stock, $1.00 par value -Sell -$10,060,317 -110,371 -44.12% $91.15 139,797 Feb 3, 2022 Direct F3, F4
transaction HES Common Stock, $1.00 par value -Sell -$10,085,702 -110,371 -78.95% $91.38 29,426 Feb 3, 2022 Direct F3
holding HES Common Stock, $1.00 par value 653,447 Feb 1, 2022 See Note 5 F5

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 2019 Performance Share Unit -Options Exercise $0 -63,069 -100% $0.00 0 Feb 1, 2022 Common Stock, $1.00 par value 110,371 $0.00 Direct F6

Explanation of Responses:

Id Content
F1 Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 6, 2019, 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, 2021.
F2 This amount includes 81,788 shares that were distributed from previously reported grantor retained annuity trusts established for the benefit of the reporting person and his children.
F3 The sale of shares set forth herein are made in connection with a selling plan dated December 9, 2021 that is intended to comply with Rule 10b5-1(c).
F4 Includes 64,012 shares sold solely to satisfy tax withholding on vesting of shares of Hess Corporation common stock earned from Performance Share Units
F5 Reflects 653,447 shares held in two previously reported grantor annuity trusts established for the benefit of the reporting person and his children.
F6 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, 2021, as more particularly described in the applicable award agreement.