Geurt G. Schoonman - 05 Feb 2025 Form 4 Insider Report for HESS CORP (HES)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Feb 2025, 16:40:03 UTC
Prior SEC filing
12 Nov 2024
Next SEC filing
10 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Barry Schachter for Geurt G. Schoonman

Key filing fact

Geurt G. Schoonman filed Form 4 for HESS CORP (HES) on 07 Feb 2025.

Key facts

  • This page summarizes Geurt G. Schoonman's Form 4 filing for HESS CORP (HES).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 07 Feb 2025, 16:40.

Change

  • Previous filing in this sequence was filed on 12 Nov 2024.
  • Current net transaction value: -$781,216.

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.

HES transaction

Common Stock, $1.00 par value

Options Exercise

Transaction value
$0
Shares
+16,494
Change %
+67%
Price
$0.000000
Shares after
41,195
Date
05 Feb 2025
Ownership
Direct
Footnotes
F1
HES transaction

Common Stock, $1.00 par value

Tax liability

Transaction value
$781,216
Shares
-5,473
Change %
-13%
Price
$142.74
Shares after
35,722
Date
05 Feb 2025
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

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

HES transaction Derivative

2022 Performance Share Unit

Options Exercise

Transaction value
$0
Shares
-9,425
Change %
-100%
Price
$0.000000
Shares after
0
Date
05 Feb 2025
Ownership
Direct
Underlying class
Common Stock, $1.00 par value
Underlying amount
16,494
Exercise price
$0.000000
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 6, 2022, based on the relative performance of total shareholder return of Hess common stock compared with that of its peers over the three-year performance period ending December 31, 2024.

Footnote F2

Represents the withholding of shares to satisfy tax obligations on the vesting of shares of Hess Corporation common stock earned from Performance Share Units.

Footnote F3

This amount includes 11,267 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 Plans 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.

Footnote F4

Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2024, as more particularly described in the applicable award agreement.

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