CHRIS STEDDUM - 13 Feb 2025 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Financial Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol
TPL
Transactions as of
13 Feb 2025
Transactions value $
$-422,192
Form type
4
Filing time
18 Feb 2025, 16:45:19 UTC
Previous filing
12 Feb 2025
Next filing
17 Mar 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 +690 +17.8% 4,564 13 Feb 2025 Direct F1
transaction TPL Common Stock Tax liability $-422,192 -312 -6.84% $1353.18 4,252 13 Feb 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 -690 -33.3% $0.000000 1,382 13 Feb 2025 Common Stock 690 Direct F3
transaction TPL Restricted Stock Units Award $0 +795 $0.000000 795 15 Feb 2025 Common Stock 795 Direct F4
holding TPL Restricted Stock Units 423 13 Feb 2025 Common Stock 423 Direct F5
* 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, 690 vested on February 13, 2025 and 691 vest on February 13 of each of 2026 and 2027.
F4 Each RSU has a value equal to one share of common stock. Of such RSUs, 265 vest on February 15 of each of 2026, 2027 and 2028.
F5 Each RSU has a value equal to one share of common stock. Of such RSUs, 423 vest on February 10, 2026.