Form 4: Black Stone Minerals Director Receives Equity Grant

Alexander D. Stuart, a Director at Black Stone Minerals, L.P., was granted 14,255 common units on January 13, 2026, under a pre-arranged plan.

Summary

• Director Alexander D. Stuart acquired 14,255 common units representing limited partner interests in Black Stone Minerals, L.P.
• The transaction occurred on January 13, 2026, at a price of $0 per unit, indicating a grant or award rather than a purchase.
• The acquisition was made pursuant to a Rule 10b5-1(c) plan, suggesting a pre-scheduled and non-discretionary transaction.
• Following this transaction, Mr. Stuart directly beneficially owns 2,052,705 common units.
• Mr. Stuart also indirectly beneficially owns an additional 4,536,181 common units through various trusts and entities, including RDS Investments, L.P., and several family trusts.

Sentiment

Score: 6

Explanation: The acquisition of units by a director, even if a grant, generally indicates continued alignment of interests and confidence in the company's future. The transaction being under a 10b5-1 plan makes it a routine event rather than a strong signal of new sentiment.

Positives

• Director Alexander D. Stuart increased his beneficial ownership in the company by 14,255 common units, further aligning his interests with those of shareholders.

Future Outlook

NA

Industry Context

This is a routine insider transaction report for a director of an energy-focused limited partnership. Such equity grants are common compensation practices in the industry, designed to align management and director interests with the long-term performance of the company.

Stakeholder Impact

• Shareholders may view the increased ownership by a director as a positive sign of management's commitment and alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 reports a routine equity grant to a director under a pre-arranged 10b5-1 plan. While insider ownership alignment is generally positive, this specific transaction does not provide new material information to warrant a change in investment recommendation. It reflects standard compensation practices rather than a discretionary investment decision based on new insights.

Keywords

Black Stone Minerals, BSM, Insider Transaction, Form 4, Equity Grant, Director Ownership, Limited Partner Interests, Rule 10b5-1