Claro Galdino J. 4

What Happened

• Claro Galdino J., a director of Natural Resource Partners LP (NRP), acquired common units on Feb 10, 2026 by converting vested phantom units. The Form 4 lists two derivative-conversion entries of 1,076 units each, for a total of 2,152 common units issued. No per-share purchase price is reported (N/A).

Key Details

• Transaction date: 2026-02-10 (Form 4 filed 2026-02-12).
• Reported transactions: two conversions/exercises (code M) of 1,076 units each; combined = 2,152 units.
• Price/Value: N/A on the filing (units issued upon conversion of awards rather than bought/sold in the open market).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: Phantom units were granted in Feb 2025, vested on the one-year anniversary, and converted one-for-one into common units; accrued quarterly distributions during the vesting period were paid in cash on the conversion date (see footnote F1).
• Timeliness: Filing was made two days after the transaction date (appears timely).

Context

• This was a conversion of previously awarded phantom units into common units upon vesting, not an open-market purchase or sale. Such conversions are routine award vesting events and do not by themselves indicate a buy/sell decision in the market. Accrued distributions were paid in cash at conversion.