DeWalch Taylor 4

What Happened
DeWalch Taylor, Co-CEO, President and Director of Black Stone Minerals, L.P. (BSM), was granted 80,106 restricted common units on 2026-02-04. The filing lists an acquisition price of $0.00 (no cash paid) for the award; the reported transaction type is an award/grant.

Key Details

• Transaction date: 2026-02-04; Filing date: 2026-02-06 (Form 4 accession 0002025717-26-000004).
• Price: $0.00 per unit; Total reported cash consideration: $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Awarded units are restricted common units under the Black Stone Minerals, L.P. 2025 Long-Term Incentive Plan (LTIP). Per the award agreement, units vest in three equal installments on Jan 7, 2027; Jan 7, 2028; and Jan 7, 2029, subject to continuous employment.
• Filing timeliness: Filed two days after the reported transaction date (appears timely under Section 16 rules).

Context
This was a compensation grant of restricted units, not an open-market purchase or sale. Restricted units typically vest over time and are subject to employment conditions, so they do not represent immediate liquidity or a direct market bet by the insider. Such awards are common for executive compensation and are intended to align management and shareholder interests.