Senior Vice President, General Counsel, and Secretary · Black Stone Minerals, L.P. (BSM)

L. Putman

L. Putman, Senior Vice President, General Counsel, and Secretary at Black Stone Minerals, L.P., received total compensation of $2,554,263 for fiscal year 2025. This amount includes a base salary of $335,806, a cash bonus or incentive of $298,797, and stock-based compensation of $1,902,870.

A named executive officer of Black Stone Minerals in every fiscal year CompBrief holds from FY2021 to FY2025. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2025

$2,554,263

FY2024: $2,529,180

3rd of 6 named executive officers at Black Stone Minerals by FY2025 total.

6 named officers on file for Black Stone Minerals, FY2025

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What this number hides

The filing gives the total. Black Stone Minerals’s full Executive Compensation Report gives every award, the disclosed peer set and what the total leaves out — the pair adds the board’s.

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Compensation figures as of the proxy filed April 30, 2026 (DEF 14A).

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L. Putman compensation by year

Black Stone Minerals Summary Compensation Table · all 5 fiscal years held
In US dollars, as Black Stone Minerals reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2021FY2022FY2023FY2024FY2025
Salary$280,000$300,000$315,000$326,025$335,806
Bonus$0$0$0$0$0
Stock awards$1,237,599$1,699,990$1,784,980$1,847,460$1,902,870
Option awards$0$0$0$0$0
Non-equity incentive$560,000$600,000$315,004$339,394$298,797
Pension and deferred compensation$0$0$0$0$0
All other$14,000$15,000$15,750$16,301$16,790
Total$2,091,599$2,614,990$2,430,734$2,529,180$2,554,263

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Black Stone Minerals, L.P. DEF 14A filed April 30, 2026, accession 0001193125-26-197340, and prior-year filings. Open the filing on EDGAR.

How this page was built: the Black Stone Minerals, L.P. filed document, accession 0001193125-26-197340. Every figure is read from that document and cited to the page and table it appears in. Filed April 30, 2026.

$2.1M
$2.6M
$2.4M
$2.5M
$2.6M
FY21
FY22
FY23
FY24
FY25
SalaryNon-equity incentiveStock awardsAll other

Change-in-control & termination

estimated payments Black Stone Minerals discloses, by trigger · FY2025
TriggerCash severanceAccelerated equityBenefits continuationTotal as disclosed
Involuntary termination without cause$1,007,418$1,419,651$35,102$2,584,452
Change in control and involuntary termination$1,679,029$3,074,097$70,204$5,057,633
Death—$3,074,097—$3,308,399
Disability—$3,074,097—$3,308,399

Per the Potential Payments Upon Termination or Change in Control table in Black Stone Minerals, L.P.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.

Black Stone Minerals’s named executive officers, FY2025

as the company reported each
Named executive officerRoleFY2025 total
Thomas CarterPresident, Chairman and Chief Executive Officer$4,787,678
Carrie ClarkFormer Senior Vice President and Chief Commercial Officer$3,005,123
L. Steve Putman · this pageSenior Vice President, General Counsel, and Secretary$2,554,263
H. Taylor DeWalchSenior Vice President and Chief Financial Officer$2,180,761
Fowler CarterSenior Vice President, Corporate Development$1,173,442
Chris BonnerVice President, Chief Accounting Officer$528,698

Board service

Black Stone Minerals board · FY2025

How this board is paid

Company policy: Black Stone Minerals pays directors a $75,000 cash retainer and $200,000 in Common Units. As stated in Black Stone Minerals's FY2025 proxy.

L. Putman's compensation dossier, Black Stone Minerals

You have read L. Putman's totals and holdings. The dossier adds each equity grant Black Stone Minerals disclosed for L. Putman and Black Stone Minerals's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.

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The full Black Stone Minerals compensation record

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This page is one person within Black Stone Minerals's record. The company brief lists every named executive, each linking to their own page.

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named in the Black Stone Minerals proxy · each links to its own free brief

Compensation, the day it’s disclosed

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Black Stone Minerals's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

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L. Putman's compensation dossier