0000950170-25-096944.txt : 20250718 0000950170-25-096944.hdr.sgml : 20250718 20250718162855 ACCESSION NUMBER: 0000950170-25-096944 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250718 FILED AS OF DATE: 20250718 DATE AS OF CHANGE: 20250718 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lowery-Yilmaz Barbara J CENTRAL INDEX KEY: 0001627310 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01204 FILM NUMBER: 251134815 MAIL ADDRESS: STREET 1: HESS CORPORATION STREET 2: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HESS CORP CENTRAL INDEX KEY: 0000004447 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 134921002 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2129978500 MAIL ADDRESS: STREET 1: 1185 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: AMERADA HESS CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERADA PETROLEUM CORP DATE OF NAME CHANGE: 19690727 4 1 ownership.xml 4 X0508 4 2025-07-18 true 0000004447 HESS CORP HES 0001627310 Lowery-Yilmaz Barbara J 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036 false true false false Senior Vice President false Common Stock, $1.00 par value 2025-07-18 4 D false 158905 D 0 D 2023 Performance Share Unit 0 2025-07-18 4 D false 7383 D Common Stock, $1.00 par value 15504 0 D Option to purchase Common Stock 141.55 2025-07-18 4 D false 2311 D 2024-03-06 2033-03-06 Common Stock, $1.00 par value 2311 0 D Option to purchase Common Stock 141.55 2025-07-18 4 D false 2312 D 2025-03-06 2033-03-06 Common Stock, $1.00 par value 2312 0 D Option to purchase Common Stock 141.55 2025-07-18 4 D false 2312 D 2026-03-06 2033-03-06 Common Stock, $1.00 par value 2312 0 D Option to purchase Common Stock 101.17 2025-07-18 4 D false 3121 D 2023-03-06 2032-03-06 Common Stock, $1.00 par value 3121 0 D Option to purchase Common Stock 101.17 2025-07-18 4 D false 3122 D 2024-03-06 2032-03-06 Common Stock, $1.00 par value 3122 0 D Option to purchase Common Stock 101.17 2025-07-18 4 D false 3122 D 2025-03-06 2032-03-06 Common Stock, $1.00 par value 3122 0 D Option to purchase Common Stock 75.04 2025-07-18 4 D false 3484 D 2022-03-06 2031-03-06 Common Stock, $1.00 par value 3484 0 D Option to purchase Common Stock 75.04 2025-07-18 4 D false 3484 D 2023-03-06 2031-03-06 Common Stock, $1.00 par value 3484 0 D Option to purchase Common Stock 75.04 2025-07-18 4 D false 3484 D 2024-03-06 2031-03-06 Common Stock, $1.00 par value 3484 0 D This amount includes 28,722 shares held in escrow pursuant to the Corporation's Long Term Incentive Plans. 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. 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). 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. Barry Schachter for Barbara Lowery-Yilmaz 2025-07-18