Form 4: Corbin J Robertson III Reports Acquisition of Phantom Units in Natural Resource Partners LP

Director Corbin J Robertson III reports the acquisition of 1,076 phantom units in Natural Resource Partners LP on February 5, 2025, under the company's 2017 Long-Term Incentive Plan.

Summary

• On February 5, 2025, Corbin J Robertson III, a director of Natural Resource Partners LP (NRP), acquired 1,076 phantom units under the Issuer's 2017 Long-Term Incentive Plan.
• Each phantom unit represents the right to receive one common unit, along with tandem distribution equivalent rights, where quarterly distributions accrue over the vesting period and are paid in cash upon settlement.
• These phantom units will vest on the one-year anniversary of the issuance date.
• Following the transaction, Robertson directly owns 1,076 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of phantom units aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The phantom units will vest on the one-year anniversary of the issuance date, at which point they can be settled for common units and accrued distributions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom units by a director can positively influence shareholder sentiment by aligning management's interests with those of the shareholders.

Key Dates