Form 4: Hess Midstream LP Director J Patrick Reddy Reports Transaction in Class A Shares

Director J Patrick Reddy reports the acquisition and disposal of Class A shares in Hess Midstream LP due to the settlement and vesting of phantom shares.

Summary

• On March 8, 2025, J Patrick Reddy, a director of Hess Midstream LP, reported a transaction involving Class A shares.
• The transaction involved the settlement of 1,855 phantom shares granted in 2024, resulting in the acquisition of 1,855 Class A shares at a price of $0.
• Following this transaction, Reddy directly owns 22,825 Class A shares.
• Additionally, Reddy acquired 1,612 phantom shares that will vest on March 8, 2026.
• After the reported transactions, Reddy beneficially owns 1,612 derivative securities (2025 Phantom Shares).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard equity compensation practices. There are no indications of negative events or concerns.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure related to equity compensation for a director of a publicly traded company. It reflects standard practices for aligning director incentives with shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates