Form 4: Hess Corp EVP and CFO John P. Rielly Reports Changes in Beneficial Ownership

John P. Rielly, EVP and CFO of Hess Corporation, reports acquisition and disposal of common stock due to vesting of restricted stock and tax obligations.

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, 2025, Rielly acquired 23,092 shares of common stock at $0, likely due to vesting of restricted stock.
• On the same day, Rielly disposed of 5,345 shares at $143.34 to satisfy tax obligations related to the vesting.
• Following these transactions, Rielly directly owns 365,637 shares of Hess Corp common stock, which includes 39,189 shares held in escrow under the company's Long-Term Incentive Plans.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of 23,092 shares indicates vesting of restricted stock, which can be seen as a reward for performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates