Jonathan C. Stein - Mar 8, 2022 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
Chief Financial Officer
Signature
Barry Schachter for Jonathan C. Stein
Stock symbol
HESM
Transactions as of
Mar 8, 2022
Transactions value $
-$122,186
Form type
4
Date filed
3/10/2022, 06:55 PM
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Options Exercise $0 +3.66K +13.08% $0.00 31.7K Mar 8, 2022 Direct F1
transaction HESM Class A Shares Options Exercise $0 +3.72K +11.75% $0.00 35.4K Mar 8, 2022 Direct F1
transaction HESM Class A Shares Sale -$122K -3.77K -10.65% $32.41 31.6K Mar 9, 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 -3.66K -100% $0.00* 0 Mar 8, 2022 Class A Shares 3.66K $0.00 Direct F3
transaction HESM 2021 Phantom Shares Options Exercise $0 -3.72K -33.33% $0.00 7.44K Mar 8, 2022 Class A Shares 3.72K $0.00 Direct F4
transaction HESM 2022 Phantom Shares Award $0 +7.46K $0.00 7.46K Mar 8, 2022 Class A Shares 7.46K 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.