Form 4: Richard A. Navarre Reports Acquisition and Disposal of Natural Resource Partners LP Common Units
SEC Form 4 Filing
Director Richard A. Navarre reports the acquisition and disposal of common units in Natural Resource Partners LP due to the conversion of phantom units.
Summary
- On February 11, 2025, Richard A. Navarre, a director of Natural Resource Partners LP, reported a transaction involving the acquisition and disposal of common units.
- The transaction involved the conversion of 1,183 phantom units into common units.
- These phantom units, previously awarded in February 2024, vested on the one-year anniversary of the grant date and converted into common units on the reporting date.
- Following the reported transaction, Navarre beneficially owns 18,178 common units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 2024 | Phantom units were previously awarded. |
| 02/11/2025 | Date of transaction: conversion of phantom units to common units. |
| 02/12/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Common Units, Phantom Units, NRP, Natural Resource Partners LP, Richard A. Navarre, Director
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