Black Stone Minerals SVP Sells Over $400K in Shares

Insider sale represents 3.86% decrease in executive's ownership stake

Apr. 8, 2026 at 9:10am

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Black Stone Minerals, L.P. (NYSE:BSM) Senior Vice President Luke Stevens Putman sold 29,386 shares of the company's stock on Monday, April 6th. The shares were sold at an average price of $14.45, resulting in a total transaction value of $424,627.70. Following the sale, Putman still owns 732,031 shares in the company, valued at approximately $10.6 million.

Why it matters

Insider transactions, especially sales, can provide insights into management's views on a company's prospects. While Putman's holding remains substantial, the sale represents a 3.86% decrease in his ownership stake, which may signal some caution about the stock's near-term performance.

The details

The sale was disclosed in a filing with the SEC. Putman has made other recent sales, including 30,276 shares at $15.25 on March 5th. Black Stone Minerals is an oil and gas mineral interest company that earns royalties from hydrocarbon production without the capital expenditures of exploration and development.

  • The shares were sold on Monday, April 6, 2026.
  • Putman also sold 30,276 shares on Thursday, March 5, 2026.

The players

Luke Stevens Putman

Senior Vice President at Black Stone Minerals, L.P.

Black Stone Minerals, L.P.

A publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States.

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The takeaway

While Putman's large remaining stake suggests he still has confidence in Black Stone Minerals, the insider sale could raise some concerns about the company's near-term outlook among investors.