Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 51

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 51
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 agreement, if the NEO experiences a “qualifying termination” or if the NEO’s employment is terminated as a result of the NEO’s “disability” or death, subject to the NEO’s execution and non-revocation of a release, a pro rata portion of the LTI Performance Units subject to the Aspirational Award shall remain outstanding and eligible to vest if the applicable performance goals are achieved as of the end of the performance period.

For purposes of the LTI award agreements for both the performance units and the restricted units described above, “change of control,” “disability” and “qualifying termination” generally have the same meanings provided above under the severance agreements.**

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The table below discloses the amount of compensation and/or other benefits due to the NEOs in the event of their termination of employment, assuming the termination occurred on December 31, 2024.

| Name                          |     | Termination without 
 Cause or            
 Resignation for     
 Good Reason         
 without a Change in 
 Control ($)         |     |           |     | Termination without 
 Cause or            
 Resignation for     
 Good Reason within  
 24 months following 
 a Change in Control 
 ($)                 |     |            |     | Death or       
 Disability ($) |     |           |
| Thomas L. Carter, Jr.         |     |                     |     |           |     |                     |     |            |     |                |     |           |
| Cash Severance(1)             |     |                     |     | 2,637,081 |     |                     |     |  3,673,077 |     |                |     |         — |
| Equity Acceleration(2)        |     |                     |     | 3,636,845 |     |                     |     |  6,950,987 |     |                |     | 6,950,987 |
| DER True Up Payment Value(3)  |     |                     |     |   292,948 |     |                     |     |    540,565 |     |                |     |   540,565 |
| Continued Medical Coverage(4) |     |                     |     |    20,053 |     |                     |     |     40,106 |     |                |     |         — |
| TOTAL                         |     |                     |     | 6,586,927 |     |                     |     | 11,204