John B. Hess - 06 Mar 2023 Form 4 Insider Report for HESS CORP (HES)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Barry Schachter for John B. Hess
Issuer symbol
HES
Transactions as of
06 Mar 2023
Net transactions value
$0
Form type
4
Filing time
08 Mar 2023, 18:55:28 UTC
Previous filing
02 Feb 2023
Next filing
09 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value Other $0 -300,000 -38% $0.000000 489,103 06 Mar 2023 See Note F1, F2
transaction HES Common Stock, $1.00 par value Other $0 +300,000 $0.000000 300,000 06 Mar 2023 See Note F1, F3, F4

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 +38,591 $0.000000 38,591 06 Mar 2023 Common Stock, $1.00 par value 81,041 $0.000000 Direct F5, F6
transaction HES Option to purchase Common Stock Award $0 +24,166 $0.000000 24,166 06 Mar 2023 Common Stock, $1.00 par value 24,166 $141.55 Direct
transaction HES Option to purchase Common Stock Award $0 +24,166 $0.000000 24,166 06 Mar 2023 Common Stock, $1.00 par value 24,166 $141.55 Direct
transaction HES Option to purchase Common Stock Award $0 +24,166 $0.000000 24,166 07 Mar 2023 Common Stock, $1.00 par value 24,166 $141.55 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred these shares to a limited liability company of which the reporting person is the investment manager and the reporting person and his son are the sole members.
F2 Held by a previously reported limited liability company, for which the reporting person serves as investment manager.
F3 The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4 Held by a limited liability company referred to in Footnote 1.
F5 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.
F6 Not applicable