Equity awards vest for NRP (NYSE: NRP) EVP Gregory Wooten
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATURAL RESOURCE PARTNERS Executive Vice President Gregory F. Wooten reported equity awards vesting and related share movements. On February 10, 2026, he acquired 11,101 common units through the conversion of performance and phantom units granted under the long-term incentive plan.
To satisfy tax obligations tied to these awards, 4,923 common units were disposed of at $123.04 per unit. After these transactions, Wooten directly held 34,834 common units. Several phantom and performance-based unit grants from 2023–2025 partially vested, with remaining portions scheduled to vest on later anniversaries of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,101 shares exercised/converted
Mixed
6 txns
Insider
WOOTEN GREGORY F
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | PERFORMANCE UNITS | 6,055 | $0.00 | -- |
| Exercise | PHANTOM UNITS | 4,254 | $0.00 | -- |
| Exercise | PHANTOM UNITS | 415 | $0.00 | -- |
| Exercise | PHANTOM UNITS | 377 | $0.00 | -- |
| Exercise | COMMON UNITS | 11,101 | $0.00 | -- |
| Tax Withholding | COMMON UNITS | 4,923 | $123.04 | $606K |
Holdings After Transaction:
PERFORMANCE UNITS — 0 shares (Direct);
PHANTOM UNITS — 0 shares (Direct);
COMMON UNITS — 39,757 shares (Direct)
Footnotes (1)
- Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (2), (3), (4) and (5) below. Performance-based units representing the right to receive common units, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. The phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date based upon the achievement of specified performance goals. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2024 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2024 award will vest on the third anniversary of the grant date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2025 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2025 award will vest in substantially equal installments on the second and third anniversaries of the grant date.
FAQ
What insider transaction did NRP Executive Vice President Gregory Wooten report?
Gregory Wooten reported vesting of long-term incentive awards converting into 11,101 NRP common units. These units came from performance and phantom units granted in 2023–2025, reflecting scheduled equity compensation rather than open-market purchases, and increased his directly held common units before tax withholding.
How many NRP common units does Gregory Wooten own after this Form 4?
After the reported transactions, Gregory Wooten directly owns 34,834 NRP common units. This balance reflects 11,101 units received from equity award conversions on February 10, 2026, partially offset by 4,923 units disposed of to cover tax liabilities associated with those vesting awards.
What does the 4,923-unit disposition at $123.04 mean for NRP EVP Wooten?
The 4,923-unit disposition at $123.04 represents units withheld to pay tax liabilities. The Form 4 labels this as a tax-related transaction, not an open-market sale, and it reduced Wooten’s post-vesting holdings to 34,834 directly owned NRP common units.
Which NRP long-term incentive awards vested for Gregory Wooten on February 10, 2026?
Performance units granted in February 2023 and phantom units granted in 2023, 2024, and 2025 vested in part. These awards converted into a total of 11,101 common units, with remaining phantom units from the 2024 and 2025 grants scheduled to vest on later grant anniversaries.
Were Gregory Wooten’s NRP transactions open-market buys or equity award conversions?
The transactions were equity award conversions, not open-market purchases. The Form 4 uses transaction code M, indicating exercise or conversion of derivative securities, where performance and phantom units from NRP’s long-term incentive plan converted into 11,101 common units on February 10, 2026.
How do NRP’s phantom and performance units work in Gregory Wooten’s compensation?
Phantom and performance units grant Wooten the right to receive NRP common units after vesting. Awards from 2023–2025 vest over multi-year periods, then convert one-for-one into common units, with cash-paid distribution equivalents during vesting and remaining tranches vesting on future anniversaries.