Gregory P. Hill - Feb 29, 2024 Form 4 Insider Report for HESS CORP (HES)

Role
COO and President, E&P
Signature
Barry Schachter for Gregory P. Hill
Stock symbol
HES
Transactions as of
Feb 29, 2024
Transactions value $
-$5,364,119
Form type
4
Date filed
3/1/2024, 04:48 PM
Previous filing
Feb 9, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value Options Exercise $2.97M +36.9K +37.57% $80.35 135K Feb 29, 2024 Direct F1
transaction HES Common Stock, $1.00 par value Sale -$5.69M -38.9K -28.75% $146.44 96.3K Feb 29, 2024 Direct F2
transaction HES Common Stock, $1.00 par value Sale -$2.64M -18.1K -18.74% $146.16 78.3K Feb 29, 2024 Direct F3, F4

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 HES Option to purchase Common Stock Options Exercise $0 -9.57K -100% $0.00* 0 Feb 29, 2024 Common Stock, $1.00 par value 9.57K $80.35 Direct
transaction HES Option to purchase Common Stock Options Exercise $0 -13.7K -100% $0.00* 0 Feb 29, 2024 Common Stock, $1.00 par value 13.7K $80.35 Direct
transaction HES Option to purchase Common Stock Options Exercise $0 -13.7K -100% $0.00* 0 Feb 29, 2024 Common Stock, $1.00 par value 13.7K $80.35 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Stock acquired upon exercise of options granted under the Corporation's Long-Term Incentive Plans. The options expire on March 4, 2024.
F2 The reported sales transactions were executed at prices ranging from $146.22 to $146.74. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were affected.
F3 The reported sales transactions were executed at prices ranging from $145.67 to $146.67. The price reported above reflects the weighted average sales price.
F4 This amount includes 22,670 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 Plan 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.