John B. Hess - Mar 4, 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
Mar 4, 2022
Transactions value $
-$65,155,736
Form type
4
Date filed
3/8/2022, 08:17 PM
Previous filing
Feb 3, 2022
Next filing
Oct 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value Sale -$13.8M -137K -63.93% $100.14 77.5K Mar 4, 2022 Direct F1
transaction HES Common Stock, $1.00 par value Sale -$1.28M -12.6K -16.28% $101.08 64.9K Mar 4, 2022 Direct F2, F3
transaction HES Common Stock, $1.00 par value Sale -$19.7M -197K -2.38% $99.91 8.08M Mar 4, 2022 See Note F4, F5
transaction HES Common Stock, $1.00 par value Sale -$5.31M -52.8K -0.65% $100.63 8.03M Mar 4, 2022 See Note F5, F6
transaction HES Common Stock, $1.00 par value Sale -$11.1M -110K -1.38% $100.53 7.92M Mar 7, 2022 See Note F5, F7
transaction HES Common Stock, $1.00 par value Sale -$6.27M -62.5K -0.79% $100.24 7.86M Mar 7, 2022 See Note F5, F8
transaction HES Common Stock, $1.00 par value Sale -$6.72M -67K -0.85% $100.30 7.79M Mar 8, 2022 See Note F5, F9
transaction HES Common Stock, $1.00 par value Sale -$1.01M -10K -0.13% $101.37 7.78M Mar 8, 2022 See Note F5, F10
holding HES Common Stock, $1.00 par value 278K Mar 4, 2022 See Note F11

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 2022 Performance Share Unit Award $0 +52.4K $0.00 52.4K Mar 6, 2022 Common Stock, $1.00 par value 105K $0.00 Direct F12, F13
transaction HES Option to purchase Common Stock Award $0 +33.7K $0.00 33.7K Mar 6, 2022 Common Stock, $1.00 par value 33.7K $101.17 Direct
transaction HES Option to purchase Common Stock Award $0 +33.7K $0.00 33.7K Mar 6, 2022 Common Stock, $1.00 par value 33.7K $101.17 Direct
transaction HES Option to purchase Common Stock Award $0 +33.7K $0.00 33.7K Mar 6, 2022 Common Stock, $1.00 par value 33.7K $101.17 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported sales transactions were executed at prices ranging from $100.00 to $100.90. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions reported on this form were effected.
F2 The reported sales transactions were executed at prices ranging from $101.04 to $101.15. The price reported above reflects the weighted average sales price.
F3 This amount includes 185,455 shares that were distributed from a previously reported grantor retained annuity trust established for the benefit of the reporting person and his children.
F4 The reported sales transactions were executed at prices ranging from $99.29 to $100.21. The price reported above reflects the weighted average sales price.
F5 Held by a previously reported charitable lead annuity trust established under the will of Leon Hess. The reporting person is one of five trustees of the trust.
F6 The reported sales transactions were executed at prices ranging from $100.22 to $101.16. The price reported above reflects the weighted average sales price.
F7 The reported sales transactions were executed at prices ranging from $100.00 to $100.98. The price reported above reflects the weighted average sales price.
F8 The reported sales transactions were executed at prices ranging from $101.01 to $101.71. The price reported above reflects the weighted average sales price.
F9 The reported sales transactions were executed at prices ranging from $100.00 to $100.87. The price reported above reflects the weighted average sales price.
F10 The reported sales transactions were executed at prices ranging from $101.01 to $101.53. The price reported above reflects the weighted average sales price.
F11 Reflects 278,212 shares held in a grantor annuity trust for the benefit of the reporting person and his children.
F12 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, 2024, as more particularly described in the applicable award agreement.
F13 Not applicable.