Form 4: Black Stone Minerals Director William N. Mathis Acquires Additional Common Units

Director William N. Mathis acquired 1,356 common units of Black Stone Minerals, L.P. in lieu of a cash retainer for board service.

Summary

• William N. Mathis, a director of Black Stone Minerals, L.P., acquired 1,356 common units representing limited partner interests on July 5, 2024.
• The acquisition was made in lieu of a cash retainer for his service on the Board of Directors of the Partnership's General Partner.
• The price per unit was $15.67.
• Following the transaction, Mathis directly owns 224,621 common units.
• Mathis also indirectly owns a significant number of common units through various trusts and partnerships, including Travis A. Mathis Special Trust (270,073 units), WM Capital Partners, L.P. (842,637 units), William Mathis 2012 Trust (295,574 units), Travis Mathis 2012 Trust (295,573 units), William Mathis 2012 GSTE (10,436 units), Travis Mathis 2012 GSTE (10,437 units), and Conti Street Partners, L.P. (178,913 units).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a small amount related to compensation.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (directors, officers, or those holding 10% or more of a company's shares) buy or sell their company's stock. These filings provide transparency into insider transactions and can be used by investors to gauge management's sentiment about the company's prospects.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates