Form 4: Black Stone Minerals CEO Thomas L. Carter Jr. Reports Acquisition of Common Units

Thomas L. Carter Jr., CEO of Black Stone Minerals, reports the acquisition and disposal of common units representing limited partner interests.

Summary

• On February 14, 2025, Thomas L. Carter Jr., CEO, President, and Chairman of Black Stone Minerals, L.P., reported a transaction involving common units representing limited partner interests.
• Carter acquired 124,496 common units at a price of $0.
• Following the reported transaction, Carter directly owns 3,219,843 common units.
• Carter also indirectly owns common units through various trusts and entities, including the Fowler Thomas Carter 1995 Trust (13,141 units), the Georgia Elizabeth Carter 1995 Trust (37,741 units), his spouse (167,155 units), the Molly Leachman Carter 1995 Trust (37,742 units), the Katherine Ross Carter 1995 Trust (37,741 units), and Carter2221, Ltd. (11,481,503 units).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard SEC filing reporting a transaction by an insider. The acquisition of shares by the CEO could be seen as a slightly positive signal, but it's not overwhelmingly so.

Positives

• The acquisition of common units by the CEO could be interpreted as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The common units are subject to a restricted unit award that vests in three equal installments on January 7, 2026, January 7, 2027, and January 7, 2028, contingent upon continuous employment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding the CEO's holdings and recent activities.

Key Dates

Keywords

Black Stone Minerals, BSM, Thomas L. Carter Jr., Common Units, Beneficial Ownership, Form 4, SEC, Acquisition, Disposal