Form 4: Hess Corp COO Gregory P. Hill Executes Stock Options and Sells Shares

Gregory P. Hill, COO and President of Exploration & Production at Hess Corporation, exercised stock options and sold shares on March 20, 2025, according to a Form 4 filing with the SEC.

Summary

• On March 20, 2025, Gregory P. Hill, the COO and President of Exploration & Production at Hess Corporation, executed options to purchase common stock at prices of $49.72 and $75.04.
• He then sold a total of 58,434 shares of Hess common stock at prices ranging from $155.31 to $157.75.
• These transactions resulted in a decrease in his direct holdings of Hess common stock, but he still beneficially owns 142,594 shares after the reported transactions.
• The sales were executed at weighted average prices, and full details of the number of shares and prices at which the transactions were effected will be provided upon request to the SEC staff, the issuer, or a security holder of the issuer.
• Hill also holds 92,662 shares in escrow under the Corporation's Long-Term Incentive Plans, for which he has voting power but will not receive the shares and accrued dividends until the period set by the administering committee lapses, provided he is still an employee.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Industry Context

Insider transactions are common and closely watched, as they can provide insights into management's perspective on the company's valuation and future prospects. However, they don't always indicate a specific trend.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates

Keywords

Hess Corp, Gregory P. Hill, stock options, Form 4, SEC, insider trading, common stock, Long-Term Incentive Plans, share sales