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CompBrief
Fiscal year 2025

Thomas Carter — FY2025 total compensation $4,787,678

Thomas Carter is President, Chairman and Chief Executive Officer of Black Stone Minerals, L.P. (BSM). The company reported total compensation of $4,787,678 for fiscal year 2025.

01

Fiscal year 2025 compensation

Salary$485,034
Bonus$0
Stock awards$3,767,249
Option awards$0
Non-equity incentive plan$517,895
Pension and non-qualified deferred compensation$0
All other compensation$17,500
Total$4,787,678

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.

Cited to the compensation disclosure Black Stone Minerals, L.P. filed April 30, 2026, accession 0001193125-26-197340.

02

History — every fiscal year held

Fiscal yearRoleSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
FY2025President, Chairman and Chief Executive Officer$485,034$0$3,767,249$0$517,895$0$17,500$4,787,678
FY2024President, Chairman and Chief Executive Officer$470,907$0$3,657,528$0$588,262$0$17,250$4,733,947
FY2023President, Chairman and Chief Executive Officer$454,983$0$3,533,852$0$545,986$0$16,500$4,551,321
FY2022Chairman, Chief Executive Officer, and President$433,317$0$3,365,570$0$1,039,961$0$15,250$4,854,098
FY2021President, Chairman and Chief Executive Officer$433,317$0$3,365,562$0$1,039,961$0$14,500$4,853,340

Totals as disclosed in each year's own compensation disclosure for Black Stone Minerals, L.P..

03

Peer context

Peer-group chief executive median$6,687,656
Difference from that median$-1,899,978
Percentile within the disclosed peer group33rd
Peers with a disclosed figure3

Medians and percentiles are computed across the peer group Black Stone Minerals, L.P. discloses in its own compensation disclosure.

04

The other named executive officers of Black Stone Minerals, L.P.

Named executive officerRoleFY2025 total
Thomas Carter this pagePresident, Chairman and Chief Executive Officer$4,787,678
Carrie ClarkFormer Senior Vice President and Chief Commercial Officer$3,005,123
L. PutmanSenior Vice President, General Counsel, and Secretary$2,554,263
H. 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

The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Black Stone Minerals, L.P. compensation brief.

05

The company page

Thomas Carter's compensation sits inside Black Stone Minerals, L.P.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.

The Black Stone Minerals, L.P. (BSM) compensation brief