Philip T. Warman - Feb 1, 2023 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role
General Counsel & Secretary
Signature
/s/ Philip T. Warman
Stock symbol
NRP
Transactions as of
Feb 1, 2023
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 03:37 PM
Previous filing
Feb 17, 2022
Next filing
Feb 16, 2023

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 +12.4K $0.00 12.4K Feb 1, 2023 Common Units 12.4K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents phantom units awarded under the issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit upon vesting and includes the right to receive tandem distribution equivalent rights, pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid in cash upon vesting.
F2 The phantom units will vest in three substantially equal annual installments beginning on February 1, 2024.