NRP director converts 1,076 phantom units
Natural Resource Partners director Corbin J. Robertson III reported an equity award vesting rather than an open‑market trade.
Rhea-AI Filing Summary
Natural Resource Partners director Corbin J. Robertson III reported an equity award vesting rather than an open‑market trade. On February 10, 2026, 1,076 phantom units vested and were converted on a one-for-one basis into 1,076 common units at an exercise price of $0.00 per unit.
Following this conversion, he directly owned 217,425 common units. Indirect holdings include 19,663 common units held by The Corbin James Robertson III 2009 Family Trust, plus additional common units held by his spouse and affiliated entities, with certain positions expressly disclaimed as beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,076 shares exercised/converted
Exercise
6 txns
Insider
ROBERTSON CORBIN J III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | PHANTOM UNITS | 1,076 | $0.00 | $0.00 |
| Exercise | COMMON UNITS | 1,076 | $0.00 | $0.00 |
| holding | COMMON UNITS | -- | -- | -- |
| holding | COMMON UNITS | -- | -- | -- |
| holding | COMMON UNITS | -- | -- | -- |
| holding | COMMON UNITS | -- | -- | -- |
Holdings After Transaction:
PHANTOM UNITS — 0 contracts (Direct);
COMMON UNITS — 217,425 shares (Direct);
COMMON UNITS — 19,663 shares (Indirect, BY THE CORBIN JAMES ROBERTSON III 2009 FAMILY TRUST);
COMMON UNITS — 39 shares (Indirect, BY SPOUSE);
COMMON UNITS — 9,783 shares (Indirect, BY CIII CAPITAL MANAGEMENT, LLC);
COMMON UNITS — 10,000 shares (Indirect, BY BHJ INVESTMENTS, L.P.)
Footnotes (5)
- F1. Common units were issued upon conversion of phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, previously awarded in February 2025. Phantom units vested on the one-year 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.
- F2. The beneficiary of The Corbin James Robertson III 2009 Family Trust is the family of the reporting person. The reporting person is the Trust Advisor for the Corbin James Robertson III 2009 Family Trust and may be deemed to beneficially own the common units owned by the Corbin James Robertson III 2009 Family Trust.
- F3. The reporting person disclaims beneficial ownership of these common units and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common units.
- F4. The reporting person disclaims beneficial ownership of these common units and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common units.
- F5. BHJ Investments, L.P. is a limited partnership of which the reporting person is the manager of the general partner. The limited partners of BHJ Investments, L.P. are the reporting person, his spouse, and a trust formed for the benefit of the reporting person's children in which the reporting person has no pecuniary interest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NRP director Corbin J. Robertson III report?
He reported the vesting and conversion of 1,076 phantom units into 1,076 Natural Resource Partners common units. This was an equity award exercise at a $0.00 exercise price, not an open-market purchase or sale of units.
Did the NRP Form 4 filing show Corbin J. Robertson III buying or selling units?
The filing shows a derivative conversion, not a market trade. 1,076 phantom units vested and converted into 1,076 common units at no cost, reflecting compensation vesting rather than a discretionary buy or sell transaction in Natural Resource Partners units.
How many NRP common units does Corbin J. Robertson III own directly after this Form 4?
After the reported transaction, he directly owned 217,425 Natural Resource Partners common units. This direct holding reflects his position following the conversion of 1,076 phantom units into common units under the company’s equity compensation arrangement.
What are the indirect NRP holdings reported for Corbin J. Robertson III?
Indirect holdings include 19,663 common units held by The Corbin James Robertson III 2009 Family Trust, plus additional units held by his spouse, CIII Capital Management, LLC, and BHJ Investments, L.P., with some of these positions disclaimed as beneficially owned.
How did the phantom units in the NRP Form 4 vest and convert?
The phantom units were awarded in February 2025 and vested on the one-year anniversary of the grant. On the reporting date, they converted one-for-one into common units, and accrued quarterly distributions during vesting were paid in cash to the reporting person.
What does it mean that some NRP units are disclaimed as beneficially owned?
The filing states the reporting person disclaims beneficial ownership of certain indirectly held common units. This means he does not concede full economic or ownership benefits in those positions, even though they are associated with his spouse or affiliated entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
