Black Stone Minerals director granted 1,240 units
Kyle Jerry V. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Kyle Jerry V. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Black Stone Minerals, L.P. director Jerry V. Kyle Jr. received a grant of 1,240 common units representing limited partner interests on April 2, 2026, valued at $15.12 per unit. According to a footnote, he elected to receive these units in lieu of a cash retainer for serving on the Board of Directors of the partnership’s general partner.
After this equity award, he directly holds 321,147 common units. The filing also lists indirect holdings of 250,088 units held by the Lena C Anderson Kyle 1968 Trust, 4,000 units held by a family limited partnership, and 350,182 units held by the Lena C A Kyle Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,240 shares
Grant/Award
4 txns
Insider
Kyle Jerry V. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common units representing limited partner interests | 1,240 | $15.12 | $19K |
| holding | Common units representing limited partner interests | -- | -- | -- |
| holding | Common units representing limited partner interests | -- | -- | -- |
| holding | Common units representing limited partner interests | -- | -- | -- |
Holdings After Transaction:
Common units representing limited partner interests — 321,147 shares (Direct);
Common units representing limited partner interests — 250,088 shares (Indirect, By Lena C Anderson Kyle 1968 Trust);
Common units representing limited partner interests — 4,000 shares (Indirect, By family limited partnership);
Common units representing limited partner interests — 350,182 shares (Indirect, By Lena C A Kyle Trust)
Footnotes (1)
- 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.
Key Figures
Equity award: 1,240 common units
Grant price: $15.12 per unit
Direct holdings after award: 321,147 common units
+3 more
6 metrics
Equity award
1,240 common units
Grant on April 2, 2026 in lieu of cash retainer
Grant price
$15.12 per unit
Valuation for 1,240-unit board compensation award
Direct holdings after award
321,147 common units
Direct ownership following April 2, 2026 transaction
Lena C Anderson Kyle 1968 Trust units
250,088 units
Indirect ownership through 1968 Trust
Family limited partnership units
4,000 units
Indirect ownership via family limited partnership
Lena C A Kyle Trust units
350,182 units
Indirect ownership through Lena C A Kyle Trust
Key Terms
common units representing limited partner interests, cash retainer, indirect ownership, family limited partnership, +1 more
5 terms
common units representing limited partner interests financial
"security_title: "Common units representing limited partner interests""
cash retainer financial
"elected to receive common units in lieu of a cash retainer"
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership by trusts and partnership"
family limited partnership financial
"nature_of_ownership: "By family limited partnership""
trust financial
"nature_of_ownership references Lena C Anderson Kyle 1968 Trust and Lena C A Kyle Trust"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the latest Form 4 for Black Stone Minerals (BSM) report?
The Form 4 reports that director Jerry V. Kyle Jr. received a grant of 1,240 common units on April 2, 2026 at $15.12 per unit, as equity compensation in lieu of a cash retainer for serving on the Board of Directors.
Was the Black Stone Minerals (BSM) Form 4 an open-market purchase or a grant?
The Form 4 reflects a grant/award acquisition, not an open-market purchase. Jerry V. Kyle Jr. elected to receive 1,240 common units instead of a cash retainer for board service, so it is compensation-related rather than a discretionary market transaction.
How many Black Stone Minerals (BSM) units does Jerry V. Kyle Jr. hold directly after this filing?
Following the April 2, 2026 award, Jerry V. Kyle Jr. directly holds 321,147 common units of Black Stone Minerals, L.P. These are common units representing limited partner interests, separate from additional units held indirectly through trusts and a family limited partnership.
What indirect holdings of Black Stone Minerals (BSM) units are reported for Jerry V. Kyle Jr.?
Indirect holdings include 250,088 units held by the Lena C Anderson Kyle 1968 Trust, 4,000 units held by a family limited partnership, and 350,182 units held by the Lena C A Kyle Trust, as disclosed in the Form 4’s indirect ownership entries.
Why did the Black Stone Minerals (BSM) director receive units instead of cash?
A footnote explains that, under a previous arrangement, the reporting person elected to receive common units instead of a cash retainer for Board service, so the 1,240-unit award represents equity compensation in place of cash fees for serving on the Board of Directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
