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Leadership transition and pay plans at Black Stone Minerals (NYSE: BSM) detailed in 2026 proxy
Black Stone Minerals is soliciting proxies for its 2026 annual meeting on June 11, 2026, where unitholders will vote on director elections, auditor ratification, and executive compensation. The proxy details a CEO succession plan effective January 1, 2026, with Thomas L. Carter, Jr. transitioning to Executive Chairman and Fowler T. Carter and H. Taylor DeWalch becoming Co-Chief Executive Officers. Executive compensation emphasizes performance-based incentives tied to adjusted EBITDAX and long-term equity, with the 2023 long-term incentives paying out at 92.36% of target.