Form 4: NRP Chairman & CEO Transfers Common Units

Corbin J. Robertson Jr., Chairman and CEO of Natural Resource Partners LP, reported a transfer of 794 common units to a third party.

Summary

• Corbin J. Robertson Jr., who serves as Director, 10% Owner, and Chairman and CEO of Natural Resource Partners LP (NRP), reported a transaction.
• On December 31, 2025, 794 common units were disposed of via a transfer to a third party, originating from an entity controlled by Mr. Robertson Jr. and in which the third party held an interest.
• The transaction price for these units was reported as $0.
• Following this transaction, Mr. Robertson Jr.'s direct beneficial ownership of common units is 0 for this specific transaction line.
• Indirect beneficial ownership remains significant, including 719,475 common units held by Quintana Holdings LP, 1,727,986 common units by Western Pocahontas Properties Limited Partnership, and 156,000 common units by NRP (GP) LP.
• Mr. Robertson Jr. disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest therein, as these entities are controlled by him.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (transfer of units) and does not contain information directly impacting the company's operational or financial performance, thus indicating a neutral sentiment.

Future Outlook

This filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction report is specific to Natural Resource Partners LP and does not provide broader industry trends or competitive analysis. It reflects an individual's equity movements rather than a corporate strategic announcement.

Related Party Transactions

• The transfer of 794 common units was made to a third party from an entity controlled by Corbin J. Robertson Jr.
• Indirect beneficial ownership is held through Quintana Holdings LP, Western Pocahontas Properties Limited Partnership, and NRP (GP) LP, all of which are controlled by the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a transfer of units at $0 price, not a market sale, and does not reflect a change in the company's operational or financial health.
• Management: Reflects a change in the structure of personal holdings for the Chairman and CEO, but not a change in his role or responsibilities.

Key Dates

Keywords

Natural Resource Partners LP, NRP, Corbin J. Robertson Jr., Insider Transaction, Form 4, Common Units, Beneficial Ownership, Equity Transfer