Form 4: Hess Midstream LP: Global Infrastructure Investors II, LLC Transfers and Cancels Class B Shares

Global Infrastructure Investors II, LLC reports the transfer and cancellation of Class B shares and Opco Class B Units of Hess Midstream LP.

Summary

• Global Infrastructure Investors II, LLC, along with related entities, reported changes in beneficial ownership of Hess Midstream LP securities.
• 1,757,511 Class B Shares were transferred from Hess Midstream GP LP to GIP II Blue Holding, L.P. for no consideration on March 14, 2024.
• The same number of Class B Shares were cancelled in connection with Hess Midstream Operations LP's repurchase of 1,757,511 Opco Class B Units from Blue Holding, also on March 14, 2024.
• These transactions did not involve any monetary exchange.
• Following these transactions, Global Infrastructure Investors II, LLC indirectly beneficially owns 59,552,600 Class A Shares.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing ownership changes. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Industry Context

This filing reflects internal restructuring and transfer of ownership within Hess Midstream LP's ownership structure, which is common in partnership structures within the energy infrastructure sector.

Related Party Transactions

• The transfer of Class B Shares between Hess Midstream GP LP and GIP II Blue Holding, L.P. is a related party transaction.

Stakeholder Impact

• The transfer and cancellation of shares are unlikely to have a significant impact on most stakeholders, as it primarily reflects internal restructuring.

Key Dates