Form 4: Hess Midstream LP: CFO Jonathan C. Stein Reports Acquisition of 7,135 Phantom Shares

Jonathan C. Stein, CFO of Hess Midstream LP, reports the acquisition of 7,135 phantom shares on March 8, 2024, which are the economic equivalent of Class A shares.

Summary

• On March 8, 2024, Jonathan C. Stein, the Chief Financial Officer of Hess Midstream LP, acquired 7,135 phantom shares.
• These phantom shares are the economic equivalent of Class A shares of Hess Midstream LP.
• The phantom shares will vest in three equal installments starting on March 8, 2025, and have no expiration date.
• Following this transaction, Mr. Stein directly owns 7,135 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of share acquisition. The vesting schedule suggests a long-term commitment from the CFO.

Positives

• The acquisition of phantom shares by a key executive could signal confidence in the company's future performance.

Future Outlook

The phantom shares will vest in three equal installments beginning on March 8, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in the beneficial ownership of Hess Midstream LP securities by its CFO.

Stakeholder Impact

• The acquisition of phantom shares by the CFO could be viewed positively by shareholders, indicating alignment of interests.

Key Dates