Jonathan C. Stein - 27 Dec 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
27 Dec 2023
Net transactions value
$0
Form type
4
Filing time
29 Dec 2023, 16:31:15 UTC
Previous filing
15 Mar 2023
Next filing
12 Mar 2024
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 +3,721 +8.6% $0.000000 46,918 27 Dec 2023 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2,486 +5.3% $0.000000 49,404 27 Dec 2023 Direct F1
transaction HESM Class A Shares Options Exercise $0 +2,947 +6% $0.000000 52,351 27 Dec 2023 Direct F1

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 -3,721 -100% $0.000000* 0 27 Dec 2023 Class A Shares 3,721 $0.000000 Direct F2
transaction HESM 2022 Phantom Shares Options Exercise $0 -2,486 -50% $0.000000 2,486 27 Dec 2023 Class A Shares 2,486 $0.000000 Direct F3
transaction HESM 2023 Phantom Shares Options Exercise $0 -2,947 -33% $0.000000 5,896 27 Dec 2023 Class A Shares 2,947 $0.000000 Direct F4
* 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 The 2021 phantom shares vested on December 27, 2023 and have no expiration date.
F3 The remaining 2022 phantom shares vest on March 8, 2025 and have no expiration date.
F4 The remaining 2023 phantom shares vest ratably on March 8, 2025 and March 8, 2026 and have no expiration date.