Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 31

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 31
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 Annualized base salaries for our NEOs for 2023 and 2024 are set forth in the table below:

| Name                  |     | 2023 Base Salary |   |         |     | 2024 Base Salary |   |         |
|:----------------------|:----|:-----------------|:--|--------:|:----|:-----------------|:--|--------:|
| Thomas L. Carter, Jr. |     |                  | $ | 454,983 |     |                  | $ | 470,907 |
| H. Taylor DeWalch(1)  |     |                  |   |       — |     |                  | $ | 310,000 |
| L. Steve Putman       |     |                  | $ | 315,000 |     |                  | $ | 326,025 |
| Carrie P. Clark       |     |                  | $ | 315,000 |     |                  | $ | 326,025 |
| Dawn K. Smajstrla     |     |                  | $ | 300,928 |     |                  | $ | 300,928 |
| Evan M. Kiefer        |     |                  | $ | 250,000 |     |                  | $ | 280,000 |

| (1) | Prior to his appointment as CFO in May 2024, Mr. DeWalch was not an executive officer of the Partnership. In connection with his promotion to CFO, Mr. DeWalch’s base salary was increased to $310,000. |

Short-Term Incentive Bonuses Our performance-based short-term incentive bonus (“STI Bonus”) granted under the Prior LTIP is based upon our pay-for-performancephilosophy. The STI Bonus provides our NEOs with an incentive in the form of an annual bonus to achieve our overall business goals. These awards are payable based on the achievement of annual financial objectives measured against our internal operating plan established at the beginning of each fiscal year. Final payouts are subject to reduction or increase by the Compensation Committee for individual and team performance during the performance period. Annual STI Bonus targets are measured as a percentage of each NEO’s base salary and are reviewed and confirmed annually by the Compensation Committee. Due to the transition in the Chief Financial Officer role in 2024, Mr. DeWalch’s target STI Bonus was increased to 100% upon his appointment as CFO. Otherwise, no changes were made to any of our NEO’s annual