Jonathan C. Stein - 08 Mar 2023 Form 4 Insider Report for Hess Midstream LP (HESM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Mar 2023, 16:42:28 UTC
Prior SEC filing
15 Mar 2022
Next SEC filing
15 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Barry Schachter for Jonathan C. Stein

Key filing fact

Jonathan C. Stein filed Form 4 for Hess Midstream LP (HESM) on 10 Mar 2023.

Key facts

  • This page summarizes Jonathan C. Stein's Form 4 filing for Hess Midstream LP (HESM).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 10 Mar 2023, 16:42.

Change

  • Previous filing in this sequence was filed on 15 Mar 2022.
  • Current net transaction value: -$63,274.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

HESM transaction

Class A Shares

Options Exercise

Transaction value
$0
Shares
+3,720
Change %
+11%
Price
$0.000000
Shares after
39,142
Date
08 Mar 2023
Ownership
Direct
Footnotes
F1
HESM transaction

Class A Shares

Options Exercise

Transaction value
$0
Shares
+2,486
Change %
+6.4%
Price
$0.000000
Shares after
41,628
Date
08 Mar 2023
Ownership
Direct
Footnotes
F1
HESM transaction

Class A Shares

Sale

Transaction value
$63,274
Shares
-2,239
Change %
-5.4%
Price
$28.26
Shares after
39,389
Date
09 Mar 2023
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

HESM transaction Derivative

2021 Phantom Shares

Options Exercise

Transaction value
$0
Shares
-3,720
Change %
-50%
Price
$0.000000
Shares after
3,721
Date
08 Mar 2023
Ownership
Direct
Underlying class
Class A Shares
Underlying amount
3,720
Exercise price
$0.000000
Footnotes
F3
HESM transaction Derivative

2022 Phantom Shares

Options Exercise

Transaction value
$0
Shares
-2,486
Change %
-33%
Price
$0.000000
Shares after
4,972
Date
08 Mar 2023
Ownership
Direct
Underlying class
Class A Shares
Underlying amount
2,486
Exercise price
$0.000000
Footnotes
F4
HESM transaction Derivative

2023 Phantom Shares

Award

Transaction value
$0
Shares
+8,843
Change %
Price
$0.000000
Shares after
8,843
Date
08 Mar 2023
Ownership
Direct
Underlying class
Class A Shares
Underlying amount
8,843
Exercise price
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Class A shares acquired upon settlement of phantom shares granted under Hess Midstream's 2017 Long Term Incentive Plan.

Footnote F2

Shares sold solely to satisfy tax withholding upon settlement of phantom shares.

Footnote F3

The remaining 2021 phantom shares vest on March 8, 2024 and have no expiration date.

Footnote F4

The remaining 2022 phantom shares vest ratably on March 8, 2024 and March 8, 2025 and have no expiration date.

Footnote F5

Each phantom share is the economic equivalent of one Class A Share.

Footnote F6

The phantom shares will vest in three equal installments beginning on March 8, 2024 and have no expiration date.

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