Blake C. Williams - Jan 6, 2022 Form 4 Insider Report for Brigham Minerals, Inc. (MNRL)

Role
Chief Financial Officer
Signature
/s/ Blake C. Williams, by Kari A. Potts as Attorney-in-Fact
Stock symbol
MNRL
Transactions as of
Jan 6, 2022
Transactions value $
-$504,135
Form type
4
Date filed
1/10/2022, 03:20 PM
Previous filing
Jun 4, 2021
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNRL Class B Common Stock Award $0 +4.32K +4.26% $0.00 106K Jan 6, 2022 Direct F1
transaction MNRL Class A Common Stock Tax liability -$504K -23.9K -15.18% $21.09 134K Jan 10, 2022 Direct F2, F3

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 MNRL Brigham Minerals Holdings, LLC Units Award $0 +4.32K +4.26% $0.00 106K Jan 6, 2022 Class A Common Stock 4.32K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class B common stock distributed to the Reporting Person due to a forfeiture reallocation. Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose in connection with the vesting and settlement of certain restricted stock units.
F3 Includes 60,945 restricted stock units awarded pursuant to the Brigham Minerals, Inc. 2019 Long Term Incentive Plan, which are subject to time based vesting upon continued employment through the applicable vesting dates.
F4 Represents units of Brigham Minerals Holdings, LLC ("BMH LLC"), of which the Issuer is the managing member, distributed to the Reporting Person due to a forfeiture reallocation. Subject to the terms of the limited liability company agreement of BMH LLC, such units (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.