X0508 4 2025-02-11 0001171486 NATURAL RESOURCE PARTNERS LP NRP 0001194888 ROBERTSON CORBIN J JR 1415 LOUISIANA STREET SUITE 2400 HOUSTON TX 77002 true true true Chairman and CEO false COMMON UNITS 2025-02-11 4 M 0 58050 A 726798 I BY QUINTANA HOLDINGS LP COMMON UNITS 2025-02-11 4 F 0 22843 102.72 D 703955 I BY QUINTANA HOLDINGS LP COMMON UNITS 1727986 I BY WESTERN POCAHONTAS PROPERTIES LIMITED PARTNERSHIP COMMON UNITS 156000 I BY NRP (GP) LP COMMON UNITS 11021 I BY WESTERN POCAHONTAS CORPORATION COMMON UNITS 5293 I BY GNP MANAGEMENT CORPORATION PHANTOM UNITS 2025-02-11 4 M 0 28076 A COMMON UNITS 28076 0 D PHANTOM UNITS 2025-02-11 4 M 0 27219 A COMMON UNITS 27219 27220 D PHANTOM UNITS 2025-02-11 4 M 0 2755 A COMMON UNITS 2755 5512 D Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (7), (8) and (9) below. Quintana Holdings LP is a limited partnership controlled by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The general partner of Western Pocahontas Properties Limited Partnership is Western Pocahontas GP LLC, a limited liability company controlled by the reporting person. The reporting person also holds indirect limited partner interests in Western Pocahontas Properties Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The general partner of NRP (GP) LP is GP Natural Resource Partners LLC, which is wholly owned by Robertson Coal Management, a limited liability company controlled by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reporting person is the controlling shareholder of Western Pocahontas Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reporting person is the controlling shareholder of GNP Management Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2022 under the issuer's LTIP. One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2023 under the issuer's LTIP. One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2023 award will vest on the third anniversary of the grant date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2024 under the issuer's LTIP. One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date. The remaining phantom units under the 2024 award will vest in substantially equal installments on the second and third anniversaries of the grant date. CORBIN J ROBERTSON JR 2025-02-12