WOOTEN GREGORY F 4

What Happened
Gregory F. Wooten, Executive Vice President of Natural Resource Partners LP (NRP), was granted 1,238 phantom units on 2026-02-04. The award is reported at $0.00 per unit (derivative grant) and does not represent an immediate cash purchase or sale; instead it is an equity-based incentive that can convert to common units upon vesting.

Key Details

• Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (timely reporting).
• Award: 1,238 phantom units; reported price $0.00 (transaction code A — award/grant).
• Shares/units owned after transaction: not disclosed in the provided filing details.
• Footnote F1: Each phantom unit equals the right to one common unit upon vesting and accrues distribution equivalent rights (quarterly distributions are accrued and paid in cash upon vesting).
• Footnote F2: Vesting schedule — three substantially equal annual installments beginning February 4, 2027.

Context
Phantom units are derivative awards that convert to actual partnership units (and associated cash distribution equivalents) only as they vest; they are common long-term incentive plan (LTIP) compensation and do not indicate an immediate personal purchase or sale of securities. This grant should be viewed as an executive compensation action, not an open-market trade.