Mark T. Behrman - Dec 31, 2024 Form 4 Insider Report for PHX MINERALS INC. (PHX)

Role: Director
Signature: /s/ Mark T. Behrman
Stock symbol: PHX
Transactions as of: Dec 31, 2024
Transactions value $: $21,252
Form type: 4
Date filed: 1/2/2025, 03:44 PM
Previous filing: Dec 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHX	Common Stock	Award	$21.3K	+5.31K	+1.58%	$4.00	342K	Dec 31, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Deferred Stock Units credited to the reporting person's account for director's fees pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors (the "Director Deferred Compensation Plan") in lieu of cash. Each Deferred Stock Unit is the economic equivalent of one share of common stock of the issuer. The Deferred Stock Units become payable solely in common stock upon the reporting person's termination of service as a director or death or upon the effectiveness of a change of control of the issuer.
F2	Total number of shares of common stock beneficially owned includes (i) the Deferred Stock Units credited to the reporting person as reported on this Form 4 and (ii) an aggregate 146,187 additional Deferred Stock Units that have not been previously reported, which were credited to the reporting person's account on a quarterly basis at the then-current stock price pursuant to the Director Deferred Compensation Plan subsequent to the reporting person becoming a director in 2017 and the reinvestment of dividends on the Deferred Stock Units when declared by the issuer.

Content

Represents Deferred Stock Units credited to the reporting person's account for director's fees pursuant to the issuer's Deferred Compensation Plan for Non-Employee Directors (the "Director Deferred Compensation Plan") in lieu of cash. Each Deferred Stock Unit is the economic equivalent of one share of common stock of the issuer. The Deferred Stock Units become payable solely in common stock upon the reporting person's termination of service as a director or death or upon the effectiveness of a change of control of the issuer.

Total number of shares of common stock beneficially owned includes (i) the Deferred Stock Units credited to the reporting person as reported on this Form 4 and (ii) an aggregate 146,187 additional Deferred Stock Units that have not been previously reported, which were credited to the reporting person's account on a quarterly basis at the then-current stock price pursuant to the Director Deferred Compensation Plan subsequent to the reporting person becoming a director in 2017 and the reinvestment of dividends on the Deferred Stock Units when declared by the issuer.