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

Galdino J. Claro, a director of Natural Resource Partners LP, acquired 1,183 common units through the conversion of phantom units on February 11, 2025.

Summary

• On February 11, 2025, Galdino J. Claro, a director of Natural Resource Partners LP, acquired 1,183 common units of the company.
• The acquisition was a result of the conversion of phantom units, which represent the right to receive common units on a one-for-one basis.
• These phantom units, along with tandem distribution equivalent rights, were previously awarded in February 2024 and vested on the one-year anniversary of the grant date.
• Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
• Following the transaction, Claro directly owns 21,292 common units.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Natural Resource Partners LP, NRP, Galdino J. Claro, common units, phantom units, director, beneficial ownership, Form 4, SEC