Form 4: Hess Midstream Director Niemiec Acquires Shares Upon Phantom Share Settlement

Director David W. Niemiec acquired Class A shares of Hess Midstream LP following the settlement of phantom shares granted in 2024.

Summary

• On March 8, 2025, David W. Niemiec, a director of Hess Midstream LP, acquired 1,855 Class A shares.
• This acquisition resulted from the settlement of phantom shares granted in 2024 as compensation for his service as a director.
• Each phantom share is equivalent to one Class A share.
• Following the transaction, Niemiec directly owns 48,915 Class A shares.
• Niemiec also acquired 1,612 phantom shares that will vest on March 8, 2026.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. The acquisition of shares by a director is generally viewed positively, but this is a standard procedure.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The director will vest into an additional 1,612 phantom shares on March 8, 2026.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates