A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 6 filings in this group are Form 4s for Hess Midstream LP.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 6 insider filings shown, the breakdown is 3 compensation award, 2 option exercise and 1 disposition to issuer. None of the classified filings involved a discretionary open-market trade, so this period says nothing about what insiders think of the price.
What each transaction type means
- Compensation award ×3
- Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
- Option exercise ×2
- The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
- Disposition to issuer ×1
- Shares were surrendered to or repurchased by the issuer rather than sold to other investors.
Form 4
Option exercise
Tax / Compensation Filing
2026-03-10
HESM insider Form 4 filed for equity award, exercise, or tax withholding
Stein Jonathan C. (Chief Executive Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
2,066 |
— |
— |
F |
Tax withholding on vested shares
|
1,048 |
$38.92 |
$40.8K |
M |
Option exercise
derivative · 2025 Phantom Shares
|
2,066 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Stein Jonathan C. (Chief Executive Officer)
Shares: 3,114
Form 4
Compensation award
Tax / Compensation Filing
2026-03-10
HESM insider Form 4 filed for equity award, exercise, or tax withholding
REDDY J PATRICK (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
1,612 |
— |
— |
M |
Option exercise
derivative · 2025 Phantom Shares
|
1,612 |
— |
— |
A |
Compensation award
derivative · 2026 Phantom Shares
|
1,656 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: REDDY J PATRICK (Director)
Shares: 1,612
Form 4
Compensation award
Tax / Compensation Filing
2026-03-10
HESM insider Form 4 filed for equity award, exercise, or tax withholding
Letwin Stephen J J (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
1,612 |
— |
— |
M |
Option exercise
derivative · 2025 Phantom Shares
|
1,612 |
— |
— |
A |
Compensation award
derivative · 2026 Phantom Shares
|
1,656 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Letwin Stephen J J (Director)
Shares: 1,612
Form 4
Option exercise
Tax / Compensation Filing
2026-03-10
HESM insider Form 4 filed for equity award, exercise, or tax withholding
Bast Michael Scott (President and COO) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
The insider converted options into shares. The exercise price was fixed when the options were granted, so the timing usually tracks an expiry schedule.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
1,327 |
— |
— |
F |
Tax withholding on vested shares
|
344 |
$38.92 |
$13.4K |
M |
Option exercise
|
1,189 |
— |
— |
F |
Tax withholding on vested shares
|
308 |
$38.92 |
$12.0K |
M |
Option exercise
|
929 |
— |
— |
F |
Tax withholding on vested shares
|
241 |
$38.92 |
$9.4K |
M |
Option exercise
derivative · 2023 Phantom Shares
|
1,327 |
— |
— |
M |
Option exercise
derivative · 2024 Phantom Shares
|
1,189 |
— |
— |
M |
Option exercise
derivative · 2025 Phantom Shares
|
929 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Bast Michael Scott (President and COO)
Shares: 4,338
Form 4
Compensation award
Tax / Compensation Filing
2026-03-10
HESM insider Form 4 filed for equity award, exercise, or tax withholding
NIEMIEC DAVID W (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
1,612 |
— |
— |
M |
Option exercise
derivative · 2025 Phantom Shares
|
1,612 |
— |
— |
A |
Compensation award
derivative · 2026 Phantom Shares
|
1,656 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: NIEMIEC DAVID W (Director)
Shares: 1,612
Form 4
Disposition to issuer
Tax / Compensation Filing
2026-03-04
HESM insider Form 4 filed for equity award, exercise, or tax withholding
CHEVRON CORP (Director, 10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were surrendered to or repurchased by the issuer rather than sold to other investors.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
J |
Other transaction
|
455,811 |
— |
— |
D |
Disposition to issuer
derivative · Opco Class B Units
|
455,811 |
$39.49 |
$18.00M |
Filing: Form 4 (Insider Transaction)
Insider: CHEVRON CORP (Director, 10% Owner)
Shares: 455,811