Jonathan C. Stein - 08 Mar 2022 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
Chief Financial Officer
Signature
Barry Schachter for Jonathan C. Stein
Issuer symbol
HESM
Transactions as of
08 Mar 2022
Net transactions value
-$122,186
Form type
4
Filing time
10 Mar 2022, 18:55:21 UTC
Next filing
15 Mar 2022
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 +3,662 +13% $0.000000 31,664 08 Mar 2022 Direct F1
transaction HESM Class A Shares Options Exercise $0 +3,720 +12% $0.000000 35,384 08 Mar 2022 Direct F1
transaction HESM Class A Shares Sale $122,186 -3,770 -11% $32.41 31,614 09 Mar 2022 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 2019 Phantom Shares Options Exercise $0 -3,662 -100% $0.000000* 0 08 Mar 2022 Class A Shares 3,662 $0.000000 Direct F3
transaction HESM 2021 Phantom Shares Options Exercise $0 -3,720 -33% $0.000000 7,441 08 Mar 2022 Class A Shares 3,720 $0.000000 Direct F4
transaction HESM 2022 Phantom Shares Award $0 +7,458 $0.000000 7,458 08 Mar 2022 Class A Shares 7,458 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 Shares sold solely to satisfy tax withholding upon settlement of phantom shares
F3 The 2019 phantom shares vested on March 8, 2022 and have no expiration date.
F4 The remaining 2021 phantom shares vest ratably on March 8, 2023 and March 8, 2024 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, 2023 and have no expiration date.