Putman Luke Stevens 4

What Happened
Luke Stevens Putman, Senior Vice President, General Counsel and Secretary of Black Stone Minerals, L.P. (BSM), was granted 65,420 restricted common units on 2026-02-04. The grant was recorded at $0.00 (an awarded grant, not a purchase), so the immediate cash value to Putman is $0 at grant; actual market value will depend on BSM's future unit price when/if the units vest or are settled.

Key Details

• Transaction date: 2026-02-04; SEC filing date: 2026-02-06 (timely).
• Transaction type/code: A — Award/Grant of restricted common units.
• Units granted: 65,420 common units; grant price reported $0.00.
• Vesting: Per footnote, units vest in three equal installments on Jan 7 of 2027, 2028, and 2029, contingent on continued employment. (Approximately 21,807 units per installment.)
• Shares owned after transaction: Not disclosed in the provided filing data.
• Notable footnote: Award issued under the Black Stone Minerals, L.P. 2025 Long-Term Incentive Plan (LTIP). No 10b5-1 plan or tax-withholding specifics were indicated in the provided excerpt.

Context
This is a typical equity-based compensation award (restricted units) that vests over time if the executive remains employed; it does not involve an immediate purchase or sale. Such awards are common for aligning executive incentives with long-term shareholder value, but they do not by themselves indicate the insider is buying or selling shares on the open market.