Chris Steddum - Feb 10, 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Financial Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Feb 10, 2023
Transactions value $
-$144,284
Form type
4
Date filed
2/14/2023, 01:54 PM
Previous filing
Dec 30, 2022
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +172 +32.03% 709 Feb 11, 2023 Direct F1, F2
transaction TPL Common Stock Tax liability -$144K -75 -10.58% $1,923.78 634 Feb 11, 2023 Direct F2, F3

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 -172 -33.33% $0.00 344 Feb 11, 2023 Common Stock 172 Direct F4
transaction TPL Restricted Stock Units Award $0 +423 $0.00 423 Feb 10, 2023 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 convert into common stock on a one-for-one basis.
F2 Includes 288 shares that vest on December 29, 2023.
F3 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 172 vest on each of February 11, 2023, 2024 and 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 141 vest on February 10 of each of 2024, 2025 and 2026.