Form 4 for NRP NATURAL RESOURCE PARTNERS LP

Accepted 2023-02-16 00:00:00 ET · period of report 2023-02-15 · accession 0001567619-23-003210 · 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	WARMAN PHILIP T	GC, Sec	M - OptEx	—	+1,802	1,802	New	—
D	2023-02-16	2023-02-15	NRP	WARMAN PHILIP T	GC, Sec	F - Tax	$54.08	-805	997	-45%	-$43.5K
D	2023-02-16	2023-02-15	NRP	WARMAN PHILIP T	GC, Sec	M - OptEx	—	+1,802	3,605	+100%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Units	2023-02-15	M	A	1,802	—	1,802	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 note (2) below.
2	Common	Common Units	2023-02-15	F	D	805	$54.08	997	D	—	—
3	Derivative	Phantom Units	2023-02-15	M	A	1,802	—	3,605	D	— · — to —	1,802 Common Units	(F2) 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.