Company: BSM
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001193125-25-107202
Chunk: 54

Company: Black Stone Minerals, L.P.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 54
---
 units on June 14, 2024 (the date on which Mr. Kiefer’s release revocation period ended and treatment of such equity awards was triggered pursuant to the Kiefer Separation Agreement). For purposes of this table, it is assumed that the performance goal applicable to the Aspirational Awards granted to Mr. Kiefer in 2022 for which the service requirement was deemed satisfied will be met and such award will become vested at the end of the performance period. Any actual payout with respect to such award will be determined by the Compensation Committee at the end of the applicable performance period and may vary significantly from the amount reported herein.(2)The amount reported in this row is 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 accelerated. For the avoidance of doubt, Mr. Kiefer is not entitled to receipt of any distributions in connection with his 2022 Aspirational Award.(3)The COBRA reimbursement amount represents the total amount Mr. Kiefer is eligible for, regardless of whether or not paid in 2024. The actual amount reimbursed to Mr. Kiefer as of 12/31/2024 was $33,670. Mr. Kiefer remains eligible for COBRA continuation coverage through May 28, 2025 or until Mr. Kiefer is eligible to be covered under another employer’s group health plan.44
DIRECTOR COMPENSATION Officers or employees of the General Partner or any of its affiliates who also serve as directors of the General Partner will not receive additional compensation for such service. Each director of the General Partner who is not an officer or employee of the General Partner or any of its affiliates receives the following cash compensation:

| • |     | an annual base retainer fee of $75,000 per year; |

| • |     | an additional retainer of $25,000 per year if such director serves as the Lead Director; |

| • |     | an additional retainer of $20,000 per year if such director serves as the chair of the Audit Committee; |

| • |     | an additional retainer of $15,000 per year if such director serves as the chair of the Compensation Committee; and |

| • |     | an additional retainer of $10,000 per year if such director serves as the chair of any other committee, including the Nominating and Governance Committee