Eric L. Oliver - Jan 1, 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Director
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2023, 04:02 PM
Previous filing
Jan 11, 2022
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Award $0 +54 +29.19% $0.00 239 Jan 1, 2023 Direct F1
holding TPL Common Stock 131K Jan 1, 2023 See Footnote F2
holding TPL Common Stock 350 Jan 1, 2023 See Footnote F3
holding TPL Common Stock 2.25K Jan 1, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitutes stock portion of annual retainer for the year of board service by the Reporting Person commencing January 1, 2023. Such shares vest on January 1, 2024, so long as the Reporting Person is a director on such date.
F2 Represents shares of Common Stock held by SoftVest, L.P., a Delaware limited partnership ("SoftVest LP"). The general partner of SoftVest LP is SoftVest GP I, LLC, a Delaware limited liability company ("SV GP"). SoftVest Advisors, LLC, a Delaware limited liability company ("SoftVest Advisors") is investment manager of SoftVest LP. Mr. Oliver is the managing member of SV GP. SoftVest LP, SoftVest Advisors and Mr. Oliver may be deemed to share voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims beneficial ownership of the 130,500 shares of Common Stock held by SoftVest LP for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except for his pecuniary interest therein.
F3 Represents shares of Common Stock held by trusts administered for the benefit of Mr. Oliver's grandchildren. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims any pecuniary interest in such shares of Common Stock.
F4 Represents shares of Common Stock owned by Debeck LLC and Debeck Properties LP, which Mr. Oliver controls. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock, but Mr. Oliver disclaims any pecuniary interest therein.

Remarks:

None of SoftVest LP, SV GP or SoftVest Advisors shall be deemed a director by deputization or subject to Section 16 of the Exchange Act.