Fowler Carter - 24 Feb 2026 Form 4 Insider Report for Black Stone Minerals, L.P. (BSM)

Role: Co-CEO and President, Director
Signature: /s/ Steve Putman, attorney-in-fact for Fowler Carter
Issuer symbol: BSM
Transactions as of: 24 Feb 2026
Net transactions value: -$4,950
Form type: 4
Filing time: 26 Feb 2026, 17:19:05 UTC
Previous filing: 06 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carter Fowler	Co-CEO and President, Director	1001 FANNIN ST., SUITE 2020, HOUSTON	/s/ Steve Putman, attorney-in-fact for Fowler Carter	26 Feb 2026	0002057498

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSM	Common units representing limited partner interests	Award	$0	+1,330	+1.1%	$0.000000	125,704	24 Feb 2026	Direct	F1
transaction	BSM	Common units representing limited partner interests	Tax liability	$4,950	-325	-0.26%	$15.23	125,379	24 Feb 2026	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents settlement of performance units awarded under the Issuer's Long-Term Incentive Plan. For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on February 24, 2026.