Nunez Craig W 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 16, 2023
Insider Transaction Report
Form 4
Nunez Craig W
President and COO
Transactions
- Exercise/Conversion
Common Units
2023-02-15+41,816→ 79,571 total - Exercise/Conversion
Phantom Units
2023-02-15+13,808→ 13,808 total→ Common Units (13,808 underlying) - Tax Payment
Common Units
2023-02-15$54.08/sh−16,831$910,220→ 62,740 total - Exercise/Conversion
Phantom Units
2023-02-15+12,750→ 0 total→ Common Units (12,750 underlying) - Exercise/Conversion
Phantom Units
2023-02-15+15,258→ 30,517 total→ Common Units (15,258 underlying)
Footnotes (4)
- [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) and (4) 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 2020 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.
- [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 2021 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 2021 award will vest on the third anniversary of the grant 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 2022 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 2022 award will vest in substantially equal installments on the second and third anniversaries of the grant date.