Form 4: Hess CEO John B. Hess Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John B. Hess, CEO of Hess Corporation, reports changes in his beneficial ownership of company stock due to stock vesting and tax obligations.
Summary
- On March 6, 2025, John B. Hess, the CEO of Hess Corporation, reported changes in his beneficial ownership of Hess Corporation stock.
- He acquired 88,461 shares of common stock at $0.
- He disposed of 15,552 shares at $143.34 to satisfy tax obligations related to the vesting of restricted stock.
- Following these transactions, Hess directly owns 344,421 shares of Hess Corporation common stock.
- This amount includes 144,747 shares held in escrow pursuant to the Corporation's Long Term Incentive Plans.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock acquisition and disposal transactions. |
| 03/10/2025 | Date of signature for the Form 4 filing. |
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