Geurt G. Schoonman - Jul 18, 2025 Form 4 Insider Report for HESS CORP (HES)

Role: Senior Vice President
Signature: Barry Schachter for Geurt G. Schoonman
Stock symbol: HES
Transactions as of: Jul 18, 2025
Transactions value $: $0
Form type: 4
Date filed: 7/18/2025, 04:21 PM
Previous filing: Jun 10, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Schoonman Geurt G	Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK	Barry Schachter for Geurt G. Schoonman	2025-07-18	0001799427

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HES	Common Stock, $1.00 par value	Disposed to Issuer		-51.9K	-100%		0	Jul 18, 2025	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HES	2023 Performance Share Unit	Disposed to Issuer		-7.05K	-100%		0	Jul 18, 2025	Common Stock, $1.00 par value	14.8K	$0.00	Direct	F3
transaction	HES	Option to purchase Common Stock	Disposed to Issuer		-2.21K	-100%		0	Jul 18, 2025	Common Stock, $1.00 par value	2.21K	$141.55	Direct	F4
transaction	HES	Option to purchase Common Stock	Disposed to Issuer		-2.21K	-100%		0	Jul 18, 2025	Common Stock, $1.00 par value	2.21K	$141.55	Direct	F4
transaction	HES	Option to purchase Common Stock	Disposed to Issuer		-2.21K	-100%		0	Jul 18, 2025	Common Stock, $1.00 par value	2.21K	$141.55	Direct	F4
transaction	HES	Option to purchase Common Stock	Disposed to Issuer		-3.04K	-100%		0	Jul 18, 2025	Common Stock, $1.00 par value	3.04K	$101.17	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Geurt G. Schoonman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This amount includes 27,417 shares held in escrow pursuant to the Corporation's Long Term Incentive Plans.
F2	Pursuant to the Agreement and Plan of Merger, dated October 22, 2023 (as amended, the "merger agreement"), by and among Hess, Yankee Merger Sub Inc. ("Merger Sub") and Chevron Corporation ("Chevron"), at the effective time of the merger of Merger Sub with and into Hess on the closing date (the "Effective Time"), each outstanding share of common stock of Hess (except as otherwise specified in the merger agreement) was converted into the right to receive 1.025 (the "exchange ratio") shares of common stock of Chevron.
F3	Pursuant to the merger agreement, at the Effective Time, each then outstanding Performance Share Unit (PSU) award was deemed to be earned at the maximum level and converted into a restricted cash award in an amount per share under such PSU award equal to the average closing trading price of a share of Chevron common stock for the 20 business days ending on and including the second to last business day prior to the Effective Time multiplied by the exchange ratio, and in each case subject to the same terms and conditions as applied to such awards immediately prior to the Effective Time (other than the performance conditions).
F4	Pursuant to the merger agreement, at the Effective Time each then outstanding Hess stock option was converted into a corresponding Chevron stock option based on the exchange ratio, subject to the same terms and conditions applicable to such award immediately prior to the Effective Time.