Form 4: Hess Corp Senior Vice President Geurt G. Schoonman Reports Stock Transactions

Senior Vice President of Hess Corp, Geurt G. Schoonman, reports acquisition and disposal of company stock on March 6th and 7th, 2024.

Summary

• Geurt G. Schoonman, a Senior Vice President at Hess Corp, reported transactions involving Hess Corp common stock.
• On March 6, 2024, Schoonman acquired 15,417 shares of common stock at $0.
• On March 7, 2024, Schoonman disposed of 390 shares of common stock at a price of $144.52 per share.
• Following these transactions, Schoonman beneficially owns 40,981 shares of Hess Corp common stock.
• The sale of shares on March 7th was solely to satisfy tax withholding obligations on the vesting of restricted stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into management's perspective on the company's stock value.
• The sale of shares to cover tax obligations is a common practice and should not significantly affect employee morale.

Key Dates