Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 47

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 47
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 held by each NEO that vested during 2024. It also includes accrued distribution-equivalent rights earned with respect to the 2021 LTI Performance Units that were settled in 2024. Because the distribution-equivalent rights accrued as a cash amount on our 2021 LTI Performance Units, the number of common units that relate to the DERs could not be determined until performance was certified with respect to the 2021 LTI Performance Units. Such performance certification took place in February 2024. As such, we have disclosed the distribution-equivalent rights earned with respect to the 2021 LTI Performance Units. Because Ms. Smajstrla departed the Partnership prior to the end of the performance period for the 2022 LTI Performance Units, she forfeited that award. For Mr. Kiefer, these amounts also include the pro-rata portions of his 2023 LTI Performance Units and 2024 LTI Performance Units (and associated DERs) that vested upon his separation from service. |

| (2) | The amounts reported in this column equal the number of common units vested multiplied by the closing price of our common units on the applicable vesting date, or, if the vesting date was not a trading day, the last trading day immediately prior to such date. |

Pension Benefits and Nonqualified Deferred Compensation We have not maintained, and do not currently maintain, a defined benefit pension plan or a nonqualified deferred compensation plan providing for retirement benefits. Potential Payments Upon Termination or a Change in Control Each of our NEOs may be entitled to certain severance and other benefits upon a termination of employment under the terms of their respective award agreements and severance agreements, as described in further detail below. The description of the relevant terms of such award agreements and severance agreements set forth below does not purport to be a complete description of all of the provisions of any such agreements and is qualified in its entirety by reference to the forms of award agreements and severance agreements previously filed. Severance Agreements Messrs. Carter and Putman entered into severance agreements with an affiliate of the General Partner in connection with the IPO, and Messrs. DeWalch and Kiefer and Ms. Clark each entered into similar severance agreements in connection with their respective commencement of employment or promotion, that, among other things, provides for the payment of cash severance payments and benefits in the event the NEO’s employment is terminated under certain circumstances. Ms. Smajstrla was not party to a sever