Form 4: Black Stone Minerals Executive Luke Putman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Luke Putman, SVP, General Counsel, and Secretary of Black Stone Minerals, reported the settlement of performance units and subsequent tax withholding, resulting in changes to his beneficial ownership of common units.
Summary
- On February 25, 2025, Luke Putman, SVP, General Counsel, and Secretary of Black Stone Minerals, settled performance units awarded under the company's Long-Term Incentive Plan.
- This resulted in the acquisition of 96,008 common units.
- Following the acquisition, 37,067 common units were disposed of at a price of $15.11 for tax withholding purposes.
- After these transactions, Putman beneficially owns 697,642 common units.
- The value of the common units for tax withholding was deemed to be equal to the closing price of BSM common units on February 25, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders due to the change in the number of shares owned by an insider.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Settlement of performance units, acquisition of 96,008 common units, and disposal of 37,067 common units for tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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