Gregory P. Hill - Mar 6, 2023 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 6, 2023
Transactions value $
-$841,361
Form type
4
Date filed
3/8/2023, 06:52 PM
Previous filing
Feb 2, 2023
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value Award $0 +10K +8.36% $0.00 130K Mar 6, 2023 Direct
transaction HES Common Stock, $1.00 par value Sale -$841K -6.12K -4.71% $137.41 124K Mar 7, 2023 Direct F1, 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 HES 2023 Performance Share Unit Award $0 +23.8K $0.00 23.8K Mar 6, 2023 Common Stock, $1.00 par value 50K $0.00 Direct F3, F4
transaction HES Option to purchase Common Stock Award $0 +7.46K $0.00 7.46K Mar 6, 2023 Common Stock, $1.00 par value 7.46K $141.55 Direct
transaction HES Option to purchase Common Stock Award $0 +7.46K $0.00 7.46K Mar 6, 2023 Common Stock, $1.00 par value 7.46K $141.55 Direct
transaction HES Option to purchase Common Stock Award $0 +7.46K $0.00 7.46K Mar 6, 2023 Common Stock, $1.00 par value 7.46K $141.55 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold solely to satisfy tax withholding on vesting of shares of restricted stock.
F2 This amount includes 22,670 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.
F3 Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 210% of such Performance Share Unit depending on the performance of the total shareholder return of Hess common stock compared with that of the XOP Total Return Index and the S&P 500 Total Return Index over a three year performance period ending December 31, 2025, as more particularly described in the applicable award agreement.
F4 Not applicable