CORBIN J. ROBERTSON JR - 05 Feb 2025 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

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	Award	$0	+7.52K		$0.00	7.52K	05 Feb 2025	Common Units	7.52K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents phantom units awarded under the issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit upon vesting and includes the right to receive tandem distribution equivalent rights, pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid in cash upon vesting.
F2	The phantom units will vest in three substantially equal annual installments beginning on February 5, 2026.