SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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checkbox unchecked Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
checkbox unchecked Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HESS JOHN B

(Last) (First) (Middle)
HESS CORPORATION
1185 AVENUE OF THE AMERICAS

(Street)
NEW YORK NY 10036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HESS CORP [ HES ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
checkbox checked Director 10% Owner
checkbox checked Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/20/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
checkbox checked Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $1.00 par value 11/20/2024 J(1) 1,750,000 D $0 7,067,802 I See Note(2)
Common Stock, $1.00 par value 11/20/2024 J(1) 342,894 A $0 342,894 I See Note(3)
Common Stock, $1.00 par value 11/20/2024 J(1) 7,109 A $0 7,109 I See Note(4)
Common Stock, $1.00 par value 11/20/2024 J(1) 6,318 A $0 229,465(5) D
Common Stock, $1.00 par value 11/20/2024 S 40,600 D $146.53(6) 302,294 I See Note(3)
Common Stock, $1.00 par value 11/20/2024 S 84,400 D $147.34(7) 217,894 I See Note(3)
Common Stock, $1.00 par value 11/21/2024 S 60,440 D $147.96(8) 157,454 I See Note(3)
Common Stock, $1.00 par value 11/21/2024 S 64,149 D $148.64(9) 93,305 I See Note(3)
Common Stock, $1.00 par value 11/21/2024 S 411 D $149.34(10) 92,894 I See Note(3)
Common Stock $1.00 par value 11/22/2024 S 84,906 D $147.74(11) 7,988 I See Note(3)
Common Stock, $1.00 par value 11/22/2024 S 7,988 D $148.38(12) 0 I See Note(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reflects a pro-rata distribution for no consideration, from the limited partnership referred to in Note 2. As to 356,321 shares, this transaction represents a change only in form of beneficially ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
2. Held by a previously reported limited partnership. The reporting person is on the management committee of the general partner of this limited partnership.
3. Held by a previously reported limited liability company, for which the reporting person serves as investment manager.
4. Held by a trust established for the benefit of the reporting person.
5. This amount includes 84,429 shares held in escrow pursuant to the Corporation's 2008 Long Term Incentive Plans. The reporting person has only voting power of these shares until the lapsing of the period set by the Committee administering the Plans at which time the shares plus accrued dividends will be delivered to the reporting person if the reporting person is still an employee of the Corporation.
6. The reported sales transactions were executed at prices ranging from $145.92 to $146.92. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions in this report were affected.
7. The reported sales transactions were executed at prices ranging from $146.93 to $147.66. The price reported above reflects the weighted average sales price.
8. The reported sales transactions were executed at prices ranging from $147.32 to $148.31. The price reported above reflects the weighted average sales price.
9. The reported sales transactions were executed at prices ranging from $148.32 to $149.32. The price reported above reflects the weighted average sales price.
10. The reported sales transactions were executed at prices ranging from $149.33 to $149.36. The price reported above reflects the weighted average sales price.
11. The reported sales transactions were executed at prices ranging from $147.25 to $148.25. The price reported above reflects the weighted average sales price.
12. The reported sales transactions were executed at prices ranging from $148.26 to $148.53. The price reported above reflects the weighted average sales price.
Barry Schachter for John B. Hess 11/22/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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