Filing Details

Accession Number:
0001209191-23-006423
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-02 19:04:38
Reporting Period:
2023-01-31
Accepted Time:
2023-02-02 19:04:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
4447 Hess Corp HES Petroleum Refining (2911) 134921002
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1087997 B John Hess Hess Corporation
1185 Avenue Of The Americas
New York NY 10036
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $1.00 Par Value Acquisiton 2023-01-31 109,649 $0.00 229,959 No 4 M Direct
Common Stock, $1.00 Par Value Disposition 2023-02-01 109,649 $144.81 898,752 No 4 S Indirect See Note 3
Common Stock, $1.00 Par Value Disposition 2023-02-02 109,649 $139.29 120,310 No 4 S Direct
Common Stock, $1.00 Par Value Disposition 2023-02-02 109,649 $139.09 789,103 No 4 S Indirect See Note 3
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Indirect See Note 3
No 4 S Direct
No 4 S Indirect See Note 3
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $1.00 Par Value 2020 Performance Share Unit Disposition 2023-01-31 87,719 $0.00 109,649 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
Footnotes
  1. Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 6, 2020, 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, 2022.
  2. This amount includes 55,429 shares that were distributed from a previously reported grantor retained annuity trust established for the benefit of the reporting person and his children.
  3. Held by a limited liability company, for which the reporting person serves as investment manager. These shares were previously reported as held directly by a trust for the benefit of the reporting person. The trust is the sole member of the limited liability company.
  4. The sale of shares set forth herein are made in connection with a selling plan dated December 19, 2022 that is intended to comply with Rule 10b5-1(c).
  5. Includes 59,555 shares sold solely to satisfy tax withholding on vesting of shares of Hess Corporation common stock earned from Performance Share Units.
  6. 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, 2022, as more particularly described in the applicable award agreement.