WOOTEN GREGORY F 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 20, 2024
Insider Transaction Report
Form 4
WOOTEN GREGORY F
Executive Vice President
Transactions
- Exercise/Conversion
COMMON UNITS
2024-02-15+14,151→ 37,746 total - Tax Payment
COMMON UNITS
2024-02-15$86.91/sh−5,544$481,829→ 32,202 total - Exercise/Conversion
PHANTOM UNITS
2024-02-15+5,470→ 0 total→ COMMON UNITS (5,470 underlying) - Exercise/Conversion
PHANTOM UNITS
2024-02-15+4,429→ 4,429 total→ COMMON UNITS (4,429 underlying) - Exercise/Conversion
PHANTOM UNITS
2024-02-15+4,252→ 8,506 total→ COMMON UNITS (4,252 underlying)
Footnotes (4)
- [F1]Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (2), (3) and (4) below.
- [F2]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2021 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
- [F3]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2022 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2022 award will vest on the third anniversary of the grant date.
- [F4]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2023 award will vest in substantially equal installments on the second and third anniversaries of the grant date.