WARMAN PHILIP T 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 16, 2023
Insider Transaction Report
Form 4
WARMAN PHILIP T
General Counsel and Secretary
Transactions
- Tax Payment
Common Units
2023-02-15$54.08/sh−805$43,534→ 997 total - Exercise/Conversion
Common Units
2023-02-15+1,802→ 1,802 total - Exercise/Conversion
Phantom Units
2023-02-15+1,802→ 3,605 total→ Common Units (1,802 underlying)
Footnotes (2)
- [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 note (2) 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 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.