Form 4: Hess Corp EVP and CFO John P. Rielly Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John P. Rielly, EVP and CFO of Hess Corporation, reports acquisition and disposal of common stock on March 6th and 7th, 2024.
Summary
- John P. Rielly, the EVP and CFO of Hess Corporation, filed a Form 4 detailing changes in his beneficial ownership of Hess Corp stock.
- On March 6, 2024, Rielly acquired 22,025 shares of common stock at $0.
- On March 7, 2024, Rielly sold 2,596 shares of common stock at a price of $144.52 per share.
- Following these transactions, Rielly beneficially owns 335,200 shares of Hess Corp common stock.
- 26,565 of these shares are held in escrow pursuant to the Corporation's Long-Term Incentive Plans.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the EVP and CFO's transactions in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Acquisition of 22,025 shares of common stock. |
| 03/07/2024 | Sale of 2,596 shares of common stock at $144.52. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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