WILSON KATHRYN S 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Mar 2, 2021
Insider Transaction Report
Form 4
WILSON KATHRYN S
VP and General Counsel
Transactions
- Exercise/Conversion
Phantom Units
2021-03-01+4,798→ 0 total→ Common Units (4,798 underlying) - Exercise/Conversion
Phantom Units
2021-03-01+3,355→ 6,710 total→ Common Units (3,355 underlying) - Exercise/Conversion
Common Units
2021-03-01+8,153→ 8,153 total - Tax Payment
Common Units
2021-03-01$17.63/sh−3,208$56,557→ 4,945 total
Footnotes (3)
- [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) and (3) below.
- [F2]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 2018 under the issuer's LTIP. 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.
- [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 2020 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 2020 award will vest in substantially equal installments on the second and third anniversaries of the grant date.