Claro Galdino J. 4

What Happened

• Claro Galdino J., a director of Natural Resource Partners LP (NRP), was granted 1,212 phantom units on February 4, 2026. The Form 4 reports the units as an award (code A) at $0.00 (derivative award), so there was no cash purchase or sale at grant.
• These phantom units were awarded under the issuer’s 2017 Long-Term Incentive Plan and represent rights related to common units rather than immediate share transfers.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
• Award: 1,212 phantom units; reported price $0.00 (grant/derivative award).
• Vesting: Phantom units vest on the one-year anniversary of issuance (i.e., Feb 4, 2027).
• Footnote: Each phantom unit represents the right to receive one common unit plus tandem distribution-equivalent rights; quarterly distributions accrue during vesting and will be paid in cash upon settlement.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This is a grant of deferred/phantom units (long-term compensation), not an open-market purchase or sale. Such awards are a form of executive/director compensation and do not indicate an immediate cash investment or divestment.
• Upon vesting/settlement the phantom units will convert according to the plan terms (rights to common units and accrued distribution equivalents), which may result in cash payment and/or issuance of units depending on the plan.