Form 4: Black Stone Minerals Director Alexander D. Stuart Reports Acquisition of Common Units

Director Alexander D. Stuart reports acquiring 1,490 common units of Black Stone Minerals, L.P. at $15.10 per unit due to election to receive common units in lieu of a cash retainer.

Summary

• On October 4, 2024, Alexander D. Stuart, a director of Black Stone Minerals, L.P., acquired 1,490 common units representing limited partner interests at a price of $15.10 per unit.
• This acquisition was due to Stuart's election to receive common units in lieu of a cash retainer for his service on the Board of Directors.
• Following the transaction, Stuart directly owns 251,589 common units.
• Stuart also indirectly owns a significant number of common units through various entities and trusts, including RDS Investments, L.P. (1,251,634 units), Robert D. Stuart, Jr. 1996 Marital Trust (180,775 units), Barbara E Stuart GST Exempt Trust fbo Alexander D Stuart (6,687 units), North Star Oil & Gas (4,786,664 units), and Topsfield Energy Ltd. (2,112,711 units).

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of a transaction. The director taking equity instead of cash is a mildly positive signal.

Positives

• Director's decision to take equity instead of cash shows confidence in the company's future.

Management Comments

• The Reporting Person elected to receive common units in lieu of a cash retainer for service on the Board of Directors of the Partnership's General Partner.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with privileged information about the company's prospects.

Stakeholder Impact

• The acquisition of common units by a director may have a slightly positive impact on shareholder sentiment.

Key Dates