S. Reed Morian - Feb 9, 2022 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role
Director
Signature
/s/ S. Reed Morian
Stock symbol
NRP
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/17/2022, 05:06 PM
Next filing
Feb 25, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRP Phantom Units Award $0 +2.72K $0.00 2.72K Feb 9, 2022 Common Units 2.72K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom units were awarded under the Issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit, together with tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the Issuer on each common unit will accrue over the vesting period and be paid in cash upon settlement. These phantom units will vest on the one-year anniversary of the issuance date.