Nunez Craig W 4

What Happened Craig W. Nunez, President and COO of Natural Resource Partners LP (NRP), received an award of 4,314 phantom units on 2026-02-04. The units were granted at $0.00 (derivative award) and represent the right to receive one common unit each upon vesting; no cash was exchanged at grant. The award also includes tandem distribution equivalent rights (accrued distributions to be paid in cash upon vesting).

Key Details

• Transaction date: 2026-02-04; Filing date: 2026-02-06 (filed within the normal Form 4 timeframe).
• Award: 4,314 phantom units; grant price shown as $0.00 (derivative award, not an open-market purchase).
• Vesting: Phantom units vest in three substantially equal annual installments beginning February 4, 2027 (per footnote).
• Plan: Award made under the issuer’s 2017 Long-Term Incentive Plan (LTIP).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1—each phantom unit converts to one common unit at vesting and accrues distribution equivalents payable in cash upon vesting; F2—vesting schedule noted above.

Context This is a standard long-term incentive grant to an executive, not a purchase or sale. The economic value to the insider will depend on NRP’s unit price and distributions at the time the phantom units vest and are settled. Such awards are common compensation practice and do not, by themselves, indicate buying or selling sentiment.