SMITH STEPHEN P 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 12, 2025
Insider Transaction Report
Form 4
SMITH STEPHEN P
Director
Transactions
- Exercise/Conversion
COMMON UNITS
2025-02-11+1,183→ 1,183 total - Exercise/Conversion
PHANTOM UNITS
2025-02-11+1,183→ 0 total→ COMMON UNITS (1,183 underlying)
Holdings
- 2,622(indirect: By Trust)
COMMON UNITS
Footnotes (2)
- [F1]Common units were issued upon conversion of phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, previously awarded in February 2024. Phantom units vested on the one-year 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.
- [F2]The beneficiary of SP Smith 2002 Revocable Trust is the family of the reporting person.