S. Reed Morian - Feb 15, 2024 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role
Director
Signature
S REED MORIAN
Stock symbol
NRP
Transactions as of
Feb 15, 2024
Transactions value $
$0
Form type
4
Date filed
2/20/2024, 04:00 PM
Previous filing
Feb 8, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRP COMMON UNITS Options Exercise +2.27K +0.99% 232K Feb 15, 2024 Direct F1
holding NRP COMMON UNITS 345K Feb 15, 2024 BY SHADDER INVESTMENTS
holding NRP COMMON UNITS 60.1K Feb 15, 2024 BY MOCOL PROPERTIES

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRP PHANTOM UNITS Options Exercise +2.27K 0 Feb 15, 2024 COMMON UNITS 2.27K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 2023. 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.