Senior VP and Chief Commercial Officer Carrie Clark departs BSM; signed separation agreement

Black Stone Minerals, L.P.

Clark receives lump sum cash payment of $826,173 plus up to 12 months COBRA reimbursement.
Accelerated vesting of 18,339 restricted common units and 58,552 performance units (settled in common units).
111,751 aspirational performance units remain subject to performance-based vesting.
Clark to provide consulting services through Sep 30, 2025 at $33,333 per month.
Clark remains bound by confidentiality, non-competition, and non-solicitation covenants.

item 5.02item 9.01

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