Micheal W. Dobbs - Feb 13, 2025 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Senior VP, Secretary and GC
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Feb 13, 2025
Transactions value $
-$240,866
Form type
4
Date filed
2/18/2025, 04:44 PM
Previous filing
Feb 12, 2025
Next filing
Mar 17, 2025
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 +402 +17.34% 2.72K Feb 13, 2025 Direct F1
transaction TPL Common Stock Tax liability -$241K -178 -6.54% $1,353.18 2.54K Feb 13, 2025 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 -402 -33.33% $0.00 804 Feb 13, 2025 Common Stock 402 Direct F3
transaction TPL Restricted Stock Units Award $0 +456 $0.00 456 Feb 15, 2025 Common Stock 456 Direct F5
holding TPL Restricted Stock Units 273 Feb 13, 2025 Common Stock 273 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 ("RSUs") 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 RSU has a value equal to one share of common stock. Of such RSUs, 402 vested on February 13, 2025 and 402 will vest on February 13 of each of 2026 and 2027.
F4 Each RSU has a value equal to one share of common stock. All 273 of such RSUs will vest on February 10, 2026.
F5 Each RSU has a value equal to one share of common stock. Of such RSUs, 152 vest on February 15 of each of 2026, 2027 and 2028.