Jonathan C. Stein - Mar 8, 2023 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, 2023
Transactions value $
-$63,274
Form type
4
Date filed
3/10/2023, 04:42 PM
Previous filing
Mar 15, 2022
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Options Exercise $0 +3.72K +10.5% $0.00 39.1K Mar 8, 2023 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2.49K +6.35% $0.00 41.6K Mar 8, 2023 Direct F1
transaction HESM Class A Shares Sale -$63.3K -2.24K -5.38% $28.26 39.4K Mar 9, 2023 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 2021 Phantom Shares Options Exercise $0 -3.72K -49.99% $0.00 3.72K Mar 8, 2023 Class A Shares 3.72K $0.00 Direct F3
transaction HESM 2022 Phantom Shares Options Exercise $0 -2.49K -33.33% $0.00 4.97K Mar 8, 2023 Class A Shares 2.49K $0.00 Direct F4
transaction HESM 2023 Phantom Shares Award $0 +8.84K $0.00 8.84K Mar 8, 2023 Class A Shares 8.84K 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 remaining 2021 phantom shares vest on March 8, 2024 and have no expiration date.
F4 The remaining 2022 phantom shares vest ratably on March 8, 2024 and March 8, 2025 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, 2024 and have no expiration date.