Sundar PichaiSundar Pichai earned $164M in 2023

John B. Hess, born in 1955, is the Chief Executive Officer of Hess Corporation, a well-known independent energy company. A Harvard graduate, he has a deep background in business, having served at Hess since 1978. John has steered the company...

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John B. Hess

CEO of Hess

Education

Bachelor's degree from Harvard University.

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

March 14, 1955 - 70 years ago

CEO of Hess for

3 years 8 months (Oct 2021 - Present)

Previous Experience

Various roles within Hess Corporation since 1978, including Senior Vice President and Chief Financial Officer.

Holdings

See how much did John B. Hess make over time.

John B. Hess holds a substantial number of shares in Hess Corporation, totaling over 36 million, which represents about 11.46% of the company. His holdings peaked around 2013, reflecting his long-term commitment to the company. Over the years, he has...

Mar 18, 2025

Total Stock Sold

$703.66M

HES

$697.57M

8,077,468 HES shares

HESM

$6.09M

258,550 HESM shares

What if they kept their stock?

If John B. Hess didn't sell their stock, today they would have:
Extra HES8,077,468 shares worth $423.91M and HESM258,550 shares worth $4.89M.
This is -39.06% and $274.86M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of John B. Hess.

HES

$38.19M

HES at $148.03/share

Nov 20, 2024

Sale

HES

$77.80M

HES at $143.10/share

Nov 6, 2024

Sale

HES

84,429 shares

HES

Mar 6, 2024

Received

HES

$30.62M

HES at $145.95/share

Feb 29, 2024

Sale

HES

$46.40M

HES at $141.06/share

Jan 31, 2023

Sale

HES

$65.34M

HES at $100.52/share

Mar 4, 2022

Sale

HES

$20.15M

HES at $91.27/share

Feb 1, 2022

Sale

Compensation History

See how much did John B. Hess make over time.

In 2023, John B. Hess received a total compensation of approximately $16.2 million. This included a salary of $1.5 million and a bonus of about $3.72 million, which was a result of exceeding performance targets for the company. This bonus linked directly to metrics like production levels and capital savings, emphasizing a tie between his compensation and company performance. Notably, John has not received stock grants that vested in the same year, as he focuses on performance share units tied to longer-term achievements. His compensation philosophy aims to keep his total pay competitive, aligning his incentives with the company's growth and shareholder value.

Year

2023

Total Compensation

$5.25M

Salary

$1.50M

Board Justification

The compensation philosophy targets total direct compensation within a competitive range of market median, aligning with company performance and peer benchmarking.

Bonus

$3.72M

Board Justification

The annual incentive plan (AIP) payout was based on enterprise performance metrics, achieving 165.5% of target, with no individual performance adjustments made for the NEOs in 2023.

Other

$26.33K

Board Justification

This includes matching contributions under the company’s employees’ savings plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the focus is on performance share units (PSUs) and stock options that are tied to future performance periods.

Performance Metrics

The performance metrics for 2023 included production levels, capital and exploratory spend, controllable operated cash costs, returns and cash flow, and environment, health, and safety measures.

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