Tyler Glover - Feb 13, 2025 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
President & CEO, Director
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Feb 13, 2025
Transactions value $
-$810,555
Form type
4
Date filed
2/18/2025, 04:46 PM
Previous filing
Feb 12, 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 +1.27K +12.73% 11.2K Feb 13, 2025 Direct F1
transaction TPL Common Stock Tax liability -$811K -599 -5.34% $1,353.18 10.6K 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 -1.27K -33.28% $0.00 2.54K Feb 13, 2025 Common Stock 1.27K Direct F3
transaction TPL Restricted Stock Units Award $0 +1.63K $0.00 1.63K Feb 15, 2025 Common Stock 1.63K Direct F4
holding TPL Restricted Stock Units 888 Feb 13, 2025 Common Stock 888 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, 1,266 vested on February 13, 2025 and 1,269 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, 542 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, 888 vest on February 10, 2026.