Form 4: Hess Corp CEO John B. Hess Reports Significant Stock Transactions

Hess Corporation CEO John B. Hess reported a series of stock transactions, including both acquisitions and disposals, between November 20th and November 22nd, 2024.

Summary

• John B. Hess, CEO of Hess Corporation, has reported multiple transactions involving the company's common stock.
• On November 20, 2024, Mr. Hess received 1,750,000 shares through a pro-rata distribution from a limited partnership, and acquired 342,894 shares, 7,109 shares and 6,318 shares through other indirect means.
• Also on November 20, 2024, Mr. Hess disposed of 40,600 shares at a weighted average price of $146.53.
• On November 20, 2024, Mr. Hess disposed of 84,400 shares at a weighted average price of $147.34.
• On November 21, 2024, Mr. Hess disposed of 60,440 shares at a weighted average price of $147.96.
• On November 21, 2024, Mr. Hess disposed of 64,149 shares at a weighted average price of $148.64.
• On November 21, 2024, Mr. Hess disposed of 411 shares at a weighted average price of $149.34.
• On November 22, 2024, Mr. Hess disposed of 84,906 shares at a weighted average price of $147.74.
• On November 22, 2024, Mr. Hess disposed of 7,988 shares at a weighted average price of $148.38.
• These transactions were executed at varying prices, with the weighted average prices provided for each sale.
• The transactions also involved shares held indirectly through a limited partnership, a limited liability company, and a trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. While the sales might be viewed negatively by some investors, the acquisitions are positive. The overall sentiment is neutral as it is a routine disclosure.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of key executives.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for all publicly traded companies in the United States.
• The level of detail provided in this filing is consistent with what is expected for insider trading disclosures.
• The volume of shares traded is not unusual for a CEO of a large corporation, but the market will likely react to the sales.

Stakeholder Impact

• Shareholders may react to the reported sales of shares by the CEO.
• The transactions provide transparency into the CEO's trading activity.

Key Dates

Keywords

Hess Corp, John B. Hess, stock transactions, insider trading, SEC Form 4, equity securities, share disposal, share acquisition