BSM chair granted units; tax withholding reported
Black Stone Minerals, L.P.
Rhea-AI Filing Summary
Black Stone Minerals, L.P. Executive Chairman Carter Thomas L Jr received a grant of 136,315 common units representing limited partner interests on February 24, 2026 at no cost, as settlement of performance units under the company’s Long-Term Incentive Plan.
On the same date, 53,641 common units were disposed of at $15.23 per unit to satisfy tax withholding obligations related to this award. After these transactions, he directly held 3,613,846 common units, with additional indirect holdings reported through various family trusts, a spouse, and Carter2221, Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Carter Thomas L Jr
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common units representing limited partner interests | 136,315 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common units representing limited partner interests | 53,641 | $15.23 | $817K |
| holding | Common units representing limited partner interests | -- | -- | -- |
| holding | Common units representing limited partner interests | -- | -- | -- |
| holding | Common units representing limited partner interests | -- | -- | -- |
| 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 — 3,613,846 shares (Direct);
Common units representing limited partner interests — 13,141 shares (Indirect, By Fowler Thomas Carter 1995 Trust);
Common units representing limited partner interests — 37,741 shares (Indirect, By Georgia Elizabeth Carter 1995 Trust);
Common units representing limited partner interests — 167,155 shares (Indirect, By spouse);
Common units representing limited partner interests — 37,742 shares (Indirect, By Molly Leachman Carter 1995 Trust);
Common units representing limited partner interests — 37,741 shares (Indirect, By Katherine Ross Carter 1995 Trust);
Common units representing limited partner interests — 11,481,503 shares (Indirect, By Carter2221, Ltd.)
Footnotes (1)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BSM’s Executive Chairman report on February 24, 2026?
On February 24, 2026, Black Stone Minerals (BSM) Executive Chairman Carter Thomas L Jr reported receiving 136,315 common units as a performance-based award and disposing of 53,641 units to cover tax withholding obligations tied to that equity settlement under the Long-Term Incentive Plan.
Was the Black Stone Minerals (BSM) unit grant to the Executive Chairman a market purchase?
No, the 136,315 common units reported by Black Stone Minerals (BSM) Executive Chairman were granted at no cost as settlement of performance units under the Long-Term Incentive Plan, rather than being bought on the open market, making it an equity award instead of a cash investment.
Why were some BSM units disposed of in the Form 4 for the Executive Chairman?
The 53,641 Black Stone Minerals (BSM) common units were disposed of solely to satisfy tax withholding obligations. The value for withholding was based on the BSM closing price on February 24, 2026, as specified in the footnote describing the equity award settlement mechanics.
How many BSM common units does the Executive Chairman hold directly after these transactions?
Following the February 24, 2026 transactions, Black Stone Minerals (BSM) Executive Chairman Carter Thomas L Jr directly held 3,613,846 common units. This direct position reflects the net effect of the performance unit settlement grant and the tax-withholding disposition reported in the Form 4.
What plan governed the performance unit settlement for Black Stone Minerals (BSM)?
The performance unit settlement for Black Stone Minerals (BSM) Executive Chairman arose under the company’s Long-Term Incentive Plan. The Form 4 footnote explains that performance units converted into common units, valued using BSM’s closing price on February 24, 2026 for related tax withholding calculations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
