Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 44

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 44
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 |           |     |                             |     | 14,329 |     |         |     |  28,658 |     |  57,316 |     |                 |     |         |     |               |     |   469,991 |
|                       |     |            |     | 1/31/2024 |     |                            |     |         |     |         |     |         |     |           |     |           |     |                             |     |        |     |         |     |         |     |         |     |                 |     |  28,658 |     |               |     |   469,991 |

| (1) | Amounts in these columns represent the threshold, target, and maximum possible payouts for STI Bonus awards. The actual value of bonuses paid to our NEOs for 2024 under this program can be found in the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table above. |

| (2) | Amounts in these columns represent (a) the number of annual LTI Performance Units granted on January 31, 2024, that would vest upon the achievement of a threshold, target, or maximum level of performance. The actual number of LTI Performance Units granted on January 31, 2024 that will vest will not be determinable until the close of the three-year performance period ending on December 31, 2026 and will depend on per unit production levels and reserve amounts over that period. |

| (3) | This column includes the number of LTI Restricted Units granted to our NEOs during 2024. See “Compensation Discussion and Analysis—Elements of the Executive Compensation Program—Long-Term Incentives—LTI Restricted Units” for more information regarding these LTI Restricted Units. |

| (4) | The amounts shown in this column represent the grant date fair value of each equity award computed in accordance with FASB ASC Topic 718, and for the LTI Performance Units, is based upon probable outcome. Please see Note 9 to our consolidated financial statements for the fiscal year ended December 31, 2024, for additional detail regarding assumptions underlying the value of these equity awards. |

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| (5) | Mr. DeWalch’s target amount for the Estimated Possible Payouts Under Non-Equity Incentive Plan Awards was increased in connection with his promotion. The amount in this row represents the blended threshold