Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 78

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 78
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 of    
 outstanding options, 
 warrants and         
 rights (2)           
 (b)                  |   |   |     | Number of            
 securities remaining 
 available for future 
 issuance under       
 equity compensation  
 plans (excluding     
 securities reflected 
 in column (a)) (3)   
 (c)                  |     |           |
|:-----------------------------------------------------------|:----|:-------------------------------------|:----|----------:|:----|:---------------------|:--|:--|:----|:---------------------|:----|----------:|
| Equity compensation plans approved by security holders     |     |                                      |     |         — |     |                      | $ | — |     |                      |     |         — |
| Equity compensation plans not approved by security holders |     |                                      |     | 2,422,541 |     |                      | $ | — |     |                      |     | 3,426,374 |
| Total                                                      |     |                                      |     | 2,422,541 |     |                      | $ | — |     |                      |     | 3,426,374 |

| (1) | This column reflects the maximum number of common units subject to 2023 and 2024 LTI Performance Units and the Aspirational Awards (which have been included in full assuming all performance targets will be met) granted under the Prior LTIP outstanding and unvested as of December 31, 2024. Because the number of common units to be issued upon settlement of outstanding performance unit awards is subject to performance conditions, the number of common units actually issued may be substantially less than the number reflected in this column. This column also reflects the actual number of common units earned with respect to the 2022 LTI Performance Units that were vested but not yet settled as of December 31, 2024. This column does not include any units related to DERs tandem to any of these LTI Performance Units because any such DER units were not determinable as of December 31, 2024. No options or warrants have been granted under the Prior LTIP. |

| (2) | No options have been granted under the Prior LTIP, and performance unit awards reflected in column (a) are not reflected in this column as they do not have an exercise price. |

| (3) | This column reflects the total number of common units remaining available for issuance under the Prior LTIP. |

Our only equity compensation plan is the Prior LTIP. The Prior LTIP