Form 4: Natural Resource Partners LP Director Acquires Common Units Through Phantom Unit Conversion

Director Corbin J. Robertson III acquired 1,183 common units of Natural Resource Partners LP through the conversion of phantom units, according to a recent SEC filing.

Summary

• On February 11, 2025, Corbin J. Robertson III, a director of Natural Resource Partners LP, acquired 1,183 common units of the company.
• This acquisition resulted from the conversion of phantom units, which vested on the one-year anniversary of the grant date in February 2024.
• The phantom units were converted on a one-for-one basis into common units, with accrued quarterly distributions paid in cash.
• Following the transaction, Robertson directly owns 216,349 common units.
• Robertson also has indirect ownership through The Corbin James Robertson III 2009 Family Trust (19,663 units), his spouse (39 units), CIII Capital Management, LLC (9,783 units), and BHJ Investments, L.P. (10,000 units).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing an insider transaction, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine conversion of phantom units into common units.

Key Dates