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

Director William N. Mathis acquired 1,329 common units of Black Stone Minerals, L.P. (BSM) on April 5, 2024, as part of his director compensation.

Summary

• William N. Mathis, a director of Black Stone Minerals, L.P., acquired 1,329 common units representing limited partner interests on April 5, 2024.
• The acquisition was part of an arrangement where Mathis elected to receive common units in lieu of a cash retainer for his service on the Board of Directors.
• The price per unit was $15.98.
• Following the transaction, Mathis directly owns 223,265 common units.
• Mathis also indirectly owns a significant number of units through various trusts and partnerships, including 270,073 units through the Travis A. Mathis Special Trust, 842,637 units through WM Capital Partners, L.P., and other holdings through the William Mathis 2012 Trust, Travis Mathis 2012 Trust, and Conti Street Partners, L.P.

Sentiment

Score: 6

Explanation: Neutral sentiment. This is a standard disclosure of insider activity related to compensation. It doesn't indicate any significant positive or negative development for the company.

Positives

• Director's decision to take equity instead of cash shows confidence in the company's future.

Industry Context

This is a routine disclosure of insider transactions, specifically related to director compensation in the form of equity. It's common for directors to receive equity as part of their compensation package, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates