Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 52

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 52
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 of employment. Any actual payout received will be determined by the Compensation Committee at the time the NEO actually terminates in accordance with the terms of the applicable agreement. Further, for purposes of this table, the value of a pro rata number of LTI Performance Units subject to the Aspirational Awards has been included, but such pro-rated LTI Performance Units would not become vested upon an NEO’s termination of employment and would instead remain outstanding and become vested if the applicable performance goals are met as of the end of the performance period. In addition to the amounts disclosed above, upon a termination of employment on December 31, 2024, the NEOs would have been entitled to receive the 2022 LTI Performance Units that vested on such date (including any accrued distribution-equivalent rights earned with respect to such 2022 |

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| (3) | The amounts reported in this row are calculated based on the distributions paid to our unitholders with respect to each outstanding common unit during the applicable performance period multiplied by the number of LTI Performance Units which would accelerate upon the applicable termination scenario. For the avoidance of doubt, no such distributions would be made with respect to the Aspirational Awards. |

| (4) | The continued medical coverage amount is based on 2024 premiums and each NEO’s elected coverage for medical, dental, and vision insurance, which is assumed for purposes of this table to remain the same for 12 months and 24 months, as applicable. |

Smajstrla Separation Ms. Smajstrla ceased service as our Vice President, Chief Accounting Officer effective June 13, 2024. She was not entitled to any severance in connection with her separation. Kiefer Separation Agreement Mr. Kiefer ceased service as our Senior Vice President, Chief Financial Officer, and Treasurer as of May 28, 2024. On June 14, 2024, Black Stone Natural Resources Management Company (the “Employer”) and the General Partner entered into a Separation Agreement and General Release of Claims (the “Kiefer Separation Agreement”) with Mr. Kiefer, substantially consistent with his then-existing severance agreement. Pursuant to the Kiefer Separation Agreement, Mr. Kiefer received the following consideration in accordance with the terms of his severance agreement with the Employer and the applicable equity award agreements with the General Partner, contingent upon his continued compliance with the terms and conditions of his separation agreement:

| • |     | A lump sum cash