Form 4: Black Stone Minerals Director William N. Mathis Reports Acquisition of Common Units

Director William N. Mathis reports acquiring 1,407 common units of Black Stone Minerals, L.P. at $15.10 per unit, increasing his direct holdings to 226,028 units.

Summary

• On October 4, 2024, William N. Mathis, a director of Black Stone Minerals, L.P., acquired 1,407 common units representing limited partner interests at a price of $15.10 per unit.
• This acquisition was made in lieu of a cash retainer for service on the Board of Directors.
• Following the transaction, Mathis directly owns 226,028 common units.
• Mathis also has indirect ownership through various trusts and partnerships, including 270,073 units via the Travis A. Mathis Special Trust, 842,637 units via WM Capital Partners, L.P., and other holdings through the William Mathis 2012 Trust, Travis Mathis 2012 Trust, William Mathis 2012 GSTE, Travis Mathis 2012 GSTE, and Conti Street Partners, L.P.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction. The director's acquisition could be seen as a positive signal, but it's a small amount relative to the total outstanding units.

Positives

• The director's acquisition of common units may signal confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates