Zolas Christopher 4

What Happened Christopher Zolas, Chief Financial Officer of Natural Resource Partners LP (NRP), received an award of 2,334 phantom units on February 4, 2026. The award is reported as a derivative grant (code A) with an acquisition price of $0.00 — these are not current common units but rights that convert to common units upon vesting and include accrued distribution equivalents.

Key Details

• Transaction date: 2026-02-04; Filing date: 2026-02-06 (filed within the typical two-business-day window).
• Award: 2,334 phantom units, acquisition price $0.00 (derivative grant).
• Vesting: The units vest in three substantially equal annual installments beginning February 4, 2027 (see footnote).
• Footnote summary: Each phantom unit represents the right to receive one common unit upon vesting and accrues quarterly distribution-equivalent payments that will be paid in cash when the unit vests.
• Shares owned after transaction: Not specified in the filing.

Context Phantom unit awards are a form of long-term compensation, not an immediate purchase of stock. They typically align executive incentives with long-term unitholder value; the award itself does not signal a buy or sell in the open market. The units will only convert into actual common units (and trigger distribution payments) as they vest over the stated three-year schedule.