NATURAL RESOURCE PARTNERS LP — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATURAL RESOURCE PARTNERS LP (NRP)
CIK: 0001171486
Period of Report: 2021-02-11

Reporting Person: Craig Kevin J (Exec. Vice President - Coal)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-11	Phantom Units	$	A	16410	Acquired		Common Units (16410)	Direct

Footnotes

F1: Represents phantom units awarded under the issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit upon vesting and includes the right to receive tandem distribution equivalent rights, pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid in cash upon vesting.

F2: The phantom units will vest in three substantially equal annual installments beginning on February 11, 2022.