Bonner Chris 4

What Happened

• Chris Bonner, SVP, Chief Financial Officer and Treasurer of Black Stone Minerals, L.P. (BSM), received a grant of 42,723 common units on February 4, 2026. The units were reported at $0.00 on the Form 4 (transaction code A — award/grant), reflecting a restricted unit award rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
• Grant: 42,723 common units; reported price: $0.00 (award).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Units are restricted units issued under the Black Stone Minerals, L.P. 2025 Long-Term Incentive Plan (LTIP). Vesting in three equal installments on Jan 7, 2027; Jan 7, 2028; and Jan 7, 2029, subject to continuous employment.
• Transaction code: A (award/grant).

Context

• This is a compensation grant (restricted units) intended as long-term incentive pay; such awards vest over time and do not represent an immediate open-market purchase or sale. Awards like this are common for executives and should be viewed as part of pay alignment rather than an expression of near-term trading intent.