TYLER GLOVER - 10 Feb 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
President & CEO, Director
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol
TPL
Transactions as of
10 Feb 2024
Net transactions value
-$444,231
Form type
4
Filing time
13 Feb 2024, 16:04:23 UTC
Previous filing
02 Jan 2024
Next filing
15 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +294 +24% 1,510 10 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $183,264 -125 -8.3% $1466.11 1,385 10 Feb 2024 Direct F2
transaction TPL Common Stock Options Exercise +416 +30% 1,801 11 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $260,968 -178 -9.9% $1466.11 1,623 11 Feb 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPL Restricted Stock Units Options Exercise $0 -416 -50% $0.000000 418 11 Feb 2024 Common Stock 416 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -294 -33% $0.000000 590 10 Feb 2024 Common Stock 294 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 416 vest on February 11, 2024 and 418 vest on February 11, 2025.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 294 vest on February 10 of each of 2024 and 2025 and 296 vest on February 10, 2026.