Gregory P. Hill - Mar 14, 2022 Form 4 Insider Report for HESS CORP (HES)

Role: COO and President, E&P
Signature: Barry Schachter for Gregory P. Hill
Stock symbol: HES
Transactions as of: Mar 14, 2022
Transactions value $: -$5,266,422
Form type: 4
Date filed: 3/15/2022, 05:48 PM
Previous filing: Mar 8, 2022
Next filing: Mar 28, 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	$890K	+15.7K	+11.07%	$56.74	157K	Mar 14, 2022	Direct	F1
transaction	HES	Common Stock, $1.00 par value	Sale	-$1.47M	-15.7K	-9.97%	$93.61	142K	Mar 14, 2022	Direct	F2
transaction	HES	Common Stock, $1.00 par value	Options Exercise	$1.08M	+21.7K	+15.33%	$49.72	163K	Mar 14, 2022	Direct	F1
transaction	HES	Common Stock, $1.00 par value	Sale	-$2.03M	-21.7K	-13.29%	$93.54	142K	Mar 14, 2022	Direct	F3
transaction	HES	Common Stock, $1.00 par value	Sale	-$3.74M	-40K	-28.24%	$93.42	102K	Mar 14, 2022	Direct	F4, F5, F6

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	Option to purchase Common Stock	Options Exercise	$0	-15.7K	-90%	$0.00	1.74K	Mar 14, 2022	Common Stock, $1.00 par value	15.7K	$56.74	Direct
transaction	HES	Option to purchase Common Stock	Options Exercise	$0	-21.7K	-90%	$0.00	2.41K	Mar 14, 2022	Common Stock, $1.00 par value	21.7K	$49.72	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common Stock acquired upon exercise of options granted under the Corporation's Long-Term Incentive Plans.
F2	The reported sales transactions were executed at prices ranging from $93.51 to $93.67. 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.
F3	The reported sales transactions were executed at prices ranging from $93.44 to $93.60. The price reported above reflects the weighted average sales price.
F4	The reported sales transactions were executed at prices ranging from $93.22 to $93.57. The price reported above reflects the weighted average sales price.
F5	Reflects the transfer of 5,414 shares to the reporting person's ex-spouse pursuant to a qualified domestic relations order and corrects a clerical error in his beneficial ownership that under-reported 23,201 shares.
F6	This amount includes 28,194 shares held in escrow pursuant to the Corporation's Long-Term Incentive Plans. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plan at which time the shares plus accrued dividends will be delivered to the reporting person if the reporting person is still an employee of the Corporation.