Black Stone Minerals director granted 473 units
Hamman Anne Lenoir reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hamman Anne Lenoir reported acquisition or exercise transactions in this Form 4 filing.
Black Stone Minerals, L.P. director Anne Lenoir Hamman received a grant of 473 common units representing limited partner interests at $15.12 per unit as compensation, in lieu of a cash retainer for board service. This increased her directly held units to 7,086. She is also reported as having an indirect interest in 502,703 units through a family limited partnership, while disclaiming beneficial ownership beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 473 shares
Grant/Award
2 txns
Insider
Hamman Anne Lenoir
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common units representing limited partner interests | 473 | $15.12 | $7K |
| holding | Common units representing limited partner interests | -- | -- | -- |
Holdings After Transaction:
Common units representing limited partner interests — 7,086 shares (Direct);
Common units representing limited partner interests — 502,703 shares (Indirect, By family limited partnership)
Footnotes (2)
- F1. Pursuant to a previous arrangement, the Reporting Person elected to receive common units in lieu of a cash retainer for service on the Board of Directors of the Partnership's General Partner.
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
Equity grant: 473 units
Grant price: $15.12 per unit
Direct holdings post-grant: 7,086 units
+1 more
4 metrics
Equity grant
473 units
Common units granted as board retainer on April 2, 2026
Grant price
$15.12 per unit
Value used for the 473-unit compensation grant
Direct holdings post-grant
7,086 units
Common units directly owned after the April 2, 2026 award
Indirect holdings
502,703 units
Units held via family limited partnership with beneficial ownership disclaimed beyond pecuniary interest
Key Terms
common units representing limited partner interests, family limited partnership, pecuniary interest, Section 16
4 terms
common units representing limited partner interests financial
"Common units representing limited partner interests"
family limited partnership financial
"nature_of_ownership: By family limited partnership"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership ... for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Black Stone Minerals (BSM) director Anne Lenoir Hamman receive in this Form 4?
Anne Lenoir Hamman received a grant of 473 common units at $15.12 per unit as compensation. The units represent limited partner interests and were issued instead of a cash retainer for serving on the Board of Directors of the partnership’s general partner.
How many Black Stone Minerals (BSM) units does Anne Lenoir Hamman now hold directly?
After the award, Anne Lenoir Hamman directly holds 7,086 common units. These units represent her personal direct ownership in Black Stone Minerals, L.P., separate from any indirect interests reported through related entities such as a family limited partnership.
What indirect holdings in Black Stone Minerals (BSM) are associated with Anne Lenoir Hamman?
The report lists 502,703 common units held indirectly through a family limited partnership. Hamman disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest, meaning her economic stake may be smaller than the full reported amount.
Why were Black Stone Minerals (BSM) units granted instead of cash to Anne Lenoir Hamman?
Under a prior arrangement, Hamman elected to receive common units in lieu of a cash retainer for board service. This structure compensates her with equity rather than cash, aligning part of her remuneration with the performance of Black Stone Minerals, L.P.
Does Anne Lenoir Hamman claim full beneficial ownership of all indirectly reported BSM units?
No. She expressly disclaims beneficial ownership of the indirectly held units except for her pecuniary interest. This legal statement clarifies that not all economic, voting, or investment rights in those 502,703 units necessarily belong to her personally.
AI-generated analysis. How Rhea-AI works. Not financial advice.
