Filing Details

Accession Number:
0001209191-22-007083
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-02-03 20:42:49
Reporting Period:
2022-02-01
Accepted Time:
2022-02-03 20:42:49
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 2022-02-01 110,371 $0.00 250,168 No 4 M Direct
Common Stock, $1.00 Par Value Disposition 2022-02-03 110,371 $91.15 139,797 No 4 S Direct
Common Stock, $1.00 Par Value Disposition 2022-02-03 110,371 $91.38 29,426 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $1.00 Par Value 2019 Performance Share Unit Disposition 2022-02-01 63,069 $0.00 110,371 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $1.00 Par Value 653,447 Indirect See Note 5
Footnotes
  1. Represents shares of Hess Corporation common stock earned upon vesting of Performance Share Units granted on March 6, 2019, 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, 2021.
  2. This amount includes 81,788 shares that were distributed from previously reported grantor retained annuity trusts established for the benefit of the reporting person and his children.
  3. The sale of shares set forth herein are made in connection with a selling plan dated December 9, 2021 that is intended to comply with Rule 10b5-1(c).
  4. Includes 64,012 shares sold solely to satisfy tax withholding on vesting of shares of Hess Corporation common stock earned from Performance Share Units
  5. Reflects 653,447 shares held in two previously reported grantor annuity trusts established for the benefit of the reporting person and his children.
  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, 2021, as more particularly described in the applicable award agreement.