Micheal W. Dobbs - Feb 10, 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Senior VP, Secretary and GC
Signature
/s/ Micheal W. Dobbs
Stock symbol
TPL
Transactions as of
Feb 10, 2023
Transactions value $
-$86,570
Form type
4
Date filed
2/14/2023, 01:55 PM
Previous filing
Dec 30, 2022
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +105 +34.09% 413 Feb 11, 2023 Direct F1, F2
transaction TPL Common Stock Tax liability -$86.6K -45 -10.9% $1,923.78 368 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 -105 -33.12% $0.00 212 Feb 11, 2023 Common Stock 105 Direct F4
transaction TPL Restricted Stock Units Award $0 +273 $0.00 273 Feb 10, 2023 Common Stock 273 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 160 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, 105 vest on February 11 of each of 2023 and 2024 and 107 vest on February 11, 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 91 vest on February 10 of each of 2024, 2025 and 2026.