Form 4 for NRP NATURAL RESOURCE PARTNERS LP
Accepted 2023-02-16 00:00:00 ET · period of report 2023-02-15 · accession 0001567619-23-003195 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-16 | 2023-02-15 | NRP | ROBERTSON CORBIN J JR | COB, CEO, Dir, 10% | F - Tax | $54.08 | -24.1K | 618.9K | -4% | -$1.30M |
| D | 2023-02-16 | 2023-02-15 | NRP | ROBERTSON CORBIN J JR | COB, CEO, Dir, 10% | M - OptEx | — | +69.8K | 643.0K | +12% | — |
| DM | 2023-02-16 | 2023-02-15 | NRP | ROBERTSON CORBIN J JR | COB, CEO, Dir, 10% | M - OptEx | — | +69.8K | 0 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Units | 2023-02-15 | F | D | 24,057 | $54.08 | 618,919 | D | — | — | |
| 2 | Common | Common Units | 2023-02-15 | M | A | 69,768 | — | 642,976 | D | — | — | (F1) 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 (6), (7) and (8) below. |
| 3 | Derivative | Phantom Units | 2023-02-15 | M | A | 28,075 | — | 56,152 | D | — · — to — | 28,075 Common Units | (F8) 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 2022 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 2022 award will vest in substantially equal installments on the second and third anniversaries of the grant date. |
| 4 | Derivative | Phantom Units | 2023-02-15 | M | A | 18,234 | — | 18,235 | D | — · — to — | 18,234 Common Units | (F7) 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 2021 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 2021 award will vest on the third anniversary of the grant date. |
| 5 | Derivative | Phantom Units | 2023-02-15 | M | A | 23,459 | — | 0 | D | — · — to — | 23,459 Common Units | (F6) 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 2020 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. |