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

Director William N. Mathis increased his holdings in Black Stone Minerals, L.P. by acquiring 1,391 common units in lieu of a cash retainer.

Summary

• On April 4, 2025, William N. Mathis, a director of Black Stone Minerals, L.P., acquired 1,391 common units representing limited partner interests.
• The acquisition was made in lieu of a cash retainer for service on the Board of Directors of the Partnership's General Partner.
• The price per unit was $15.27.
• Following the transaction, Mathis directly owns 242,198 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. It's a routine transaction. Insider buying can be seen as a positive, but it's a small amount related to compensation.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Industry Context

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive equity as part of their compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates

Keywords

Black Stone Minerals, BSM, William N. Mathis, common units, director, acquisition, Form 4, insider trading