Form 4: Hess Corp CEO John B. Hess Sells Shares and Exercises Options
SEC Form 4 Filing
John B. Hess, CEO of Hess Corporation, executed multiple sales of common stock and exercised options on November 6th and 7th, 2024.
Summary
- On November 6th and 7th, 2024, John B. Hess, the CEO of Hess Corporation, engaged in transactions involving the company's common stock.
- These transactions included the sale of shares at prices ranging from $141.16 to $144.50.
- He also exercised options to purchase common stock at a price of $74.49.
- The sales were executed at weighted average prices, with specific ranges provided for each transaction.
- Following these transactions, Hess directly owns 223,147 shares and indirectly owns 7,679,037 shares through a charitable trust and 114,401 shares through a limited liability company.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the CEO's trading activity in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/03/2016 | Date of option grant |
| 03/03/2017 | Date of option grant |
| 03/03/2018 | Date of option grant |
| 03/03/2025 | Expiration date of options |
| 11/06/2024 | Date of stock sales |
| 11/07/2024 | Date of stock sales and option exercises |
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