MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED UNITHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common units trade on the NASDAQ Global Select Market under the ticker symbol “DMLP”.
−Removed: As of December 31, 2022, there were 19,294 common unitholders.
+Added: Our common units trade on the NASDAQ Global Select Market under the ticker symbol “DMLP”.
+Added: As of December 31, 2023, there were 22,415 common unitholders.
Our partnership agreement requires that we make quarterly distributions in an amount equal to all funds that we receive from the Royalty Properties and the NPI (other than cash proceeds received by the Partnership from a public or private offering of securities of the Partnership) less certain expenses and reasonable reserves.
2 unchanged sentences
The industry peer group we selected is comprised of the following companies:
−Removed: Black Stone Minerals, L.P., Viper Energy Partners, L.P., and Kimbell Royalty Partners, L.P.
+Added: Black Stone Minerals, L.P., Viper Energy Partners, L.P., Sitio Royalties Corp., and Kimbell Royalty Partners, L.P.
The Performance Graph assumes $100 was invested in our common units and in each of the other indices described above on December 31, 2018.
−Removed: Distributions or dividends reinvested has been assumed on the last trading day of each quarter.
+Added: Distributions or dividends reinvested has been assumed on the payment date.
The stock performance shown on the graph below is not necessarily indicative of future price performance.
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of Units that
−Removed: October 1, 2022
−Removed: October 31, 2022
−Removed: November 1, 2022
−Removed: November 30, 2022
−Removed: December 1, 2022
−Removed: December 31, 2022
−Removed: The number of common units that the Operating Partnership may grant under the Dorchester Minerals Operating LP Equity Incentive Program, which was approved by our common unitholders on May 20, 2015 (the “Equity Incentive Program”), each fiscal year may not exceed 0.333% of the number of common units outstanding at the beginning of the fiscal year.
−Removed: In 2022, the maximum number of common units that could be purchased under the Equity Incentive Program is 123,159 common units.
+Added: October 1, 2023 – October 31, 2023
+Added: November 1, 2023 – November 30, 2023
+Added: December 1, 2023 – December 31, 2023
+Added: The number of common units that the Operating Partnership may grant under the Dorchester Minerals Operating LP Equity Incentive Program, as amended and restated as of October 4, 2023, which was approved by our common unitholders on May 20, 2015 (the “Equity Incentive Program”), each fiscal year may not exceed 0.333% of the number of common units outstanding at the beginning of the fiscal year.
+Added: In 2023, the maximum number of common units that could be purchased under the Equity Incentive Program is 127,777 common units.
Open-market purchases by the Operating Partnership, an affiliate of the Partnership, pursuant to a Rule 10b5-1 plan adopted on November 10, 2023 for the purpose of satisfying equity awards to be granted pursuant to the Equity Incentive Program.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.