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

Role
Chief Financial Officer
Signature
Barry Schachter for Jonathan C. Stein
Issuer symbol
HESM
Transactions as of
08 Mar 2023
Net transactions value
-$63,274
Form type
4
Filing time
10 Mar 2023, 16:42:28 UTC
Previous filing
15 Mar 2022
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Options Exercise $0 +3,720 +11% $0.000000 39,142 08 Mar 2023 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2,486 +6.4% $0.000000 41,628 08 Mar 2023 Direct F1
transaction HESM Class A Shares Sale $63,274 -2,239 -5.4% $28.26 39,389 09 Mar 2023 Direct F2

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 HESM 2021 Phantom Shares Options Exercise $0 -3,720 -50% $0.000000 3,721 08 Mar 2023 Class A Shares 3,720 $0.000000 Direct F3
transaction HESM 2022 Phantom Shares Options Exercise $0 -2,486 -33% $0.000000 4,972 08 Mar 2023 Class A Shares 2,486 $0.000000 Direct F4
transaction HESM 2023 Phantom Shares Award $0 +8,843 $0.000000 8,843 08 Mar 2023 Class A Shares 8,843 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class A shares acquired upon settlement of phantom shares granted under Hess Midstream's 2017 Long Term Incentive Plan.
F2 Shares sold solely to satisfy tax withholding upon settlement of phantom shares.
F3 The remaining 2021 phantom shares vest on March 8, 2024 and have no expiration date.
F4 The remaining 2022 phantom shares vest ratably on March 8, 2024 and March 8, 2025 and have no expiration date.
F5 Each phantom share is the economic equivalent of one Class A Share.
F6 The phantom shares will vest in three equal installments beginning on March 8, 2024 and have no expiration date.