WOOTEN GREGORY F 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Natural Resource Partners (NRP) EVP Greg Wooten Receives 22,202 Units
What Happened
Gregory F. Wooten, Executive Vice President of Natural Resource Partners LP (NRP), had multiple LTIP phantom/unit awards vest and convert into 22,202 common units on Feb 10, 2026 (reported on Form 4 filed Feb 12, 2026). To satisfy withholding obligations, 4,923 of those units were disposed at $123.04 per unit for $605,726. After the withholding, Wooten retained a net 17,279 newly issued units (22,202 converted minus 4,923 withheld).
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely).
- Acquisitions: five conversion/exercise entries totaling 22,202 units (codes M — conversion of derivative/phantom units); no per-unit price given for the conversions (N/A).
- Tax withholding: 4,923 units disposed (code F) at $123.04 per unit, proceeds $605,726.
- Footnotes: conversions were LTIP phantom/performance units from awards granted in 2023, 2024 and 2025; some awards were performance-based and converted based on achieved goals; accrued distributions during vesting were paid in cash on the conversion date (see F1–F5).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction codes: M = conversion/exercise of derivative/phantom units; F = payment of tax liability via share withholding.
Context
These were compensation-related LTIP vestings (phantom units converting into common units), not open-market purchases or discretionary sales. The withholding of units to cover taxes is routine and effectively a partial, cashless settlement to pay withholding rather than a voluntary market sale. Performance-based units converted as described in the footnotes (some conversions were contingent on performance targets).
Insider Transaction Report
- Exercise/Conversion
COMMON UNITS
[F1]2026-02-10+11,101→ 39,757 total - Tax Payment
COMMON UNITS
2026-02-10$123.04/sh−4,923$605,726→ 34,834 total - Exercise/Conversion
PERFORMANCE UNITS
[F2]2026-02-10+6,055→ 0 total→ COMMON UNITS (6,055 underlying) - Exercise/Conversion
PHANTOM UNITS
[F3]2026-02-10+4,254→ 0 total→ COMMON UNITS (4,254 underlying) - Exercise/Conversion
PHANTOM UNITS
[F4]2026-02-10+415→ 415 total→ COMMON UNITS (415 underlying) - Exercise/Conversion
PHANTOM UNITS
[F5]2026-02-10+377→ 754 total→ COMMON UNITS (377 underlying)
Footnotes (5)
- [F1]Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (2), (3), (4) and (5) below.
- [F2]Performance-based units representing the right to receive common units, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. The phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date based upon the achievement of specified performance goals. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
- [F3]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
- [F4]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2024 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2024 award will vest on the third anniversary of the grant date.
- [F5]Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2025 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2025 award will vest in substantially equal installments on the second and third anniversaries of the grant date.