Form 4: Hess Midstream LP: Significant Changes in Beneficial Ownership Reported by Hess Infrastructure Partners GP LLC

Hess Infrastructure Partners GP LLC reports changes in beneficial ownership of Hess Midstream LP securities, including cancellation and transfer of Class B Shares.

Summary

• Hess Infrastructure Partners GP LLC, along with Hess Midstream GP LLC and Hess Midstream GP LP, filed a Form 4 detailing changes in beneficial ownership of Hess Midstream LP [HESM] securities.
• The changes include the cancellation of 5,151,842 Class B Shares for no consideration, related to Hess Midstream Operations LP's repurchase of Opco Class B Units.
• Additionally, 1,073,930 Class B Shares were transferred from Hess Midstream GP LP to Hess Investments North Dakota LLC (HINDL) for no consideration.
• Following these transactions, Hess Midstream GP LP beneficially owns 29,147,034 Class B Shares and 898,000 Class A Shares.
• Hess Infrastructure Partners GP LLC, as the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP, may be deemed to beneficially own these securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in share ownership, with no inherent positive or negative sentiment.

Industry Context

Changes in beneficial ownership are a routine part of corporate governance and can reflect strategic realignments within the company's ownership structure.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, but the transactions themselves (cancellation and transfer for no consideration) are unlikely to have a significant immediate impact on the company's operations or financial performance.

Key Dates

Keywords

Hess Midstream LP, Hess Infrastructure Partners GP LLC, beneficial ownership, Form 4, Class B Shares, Class A Shares, securities, HESM