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

Role
Chief Accounting Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Feb 10, 2023
Transactions value $
-$57,713
Form type
4
Date filed
2/14/2023, 01:56 PM
Previous filing
Dec 30, 2022
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +64 +83.12% 141 Feb 11, 2023 Direct F1, F2
transaction TPL Common Stock Tax liability -$57.7K -30 -21.28% $1,923.78 111 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 -64 -32.99% $0.00 130 Feb 11, 2023 Common Stock 64 Direct F4
transaction TPL Restricted Stock Units Award $0 +169 $0.00 169 Feb 10, 2023 Common Stock 169 Direct F6
holding TPL Restricted Stock Units 279 Feb 10, 2023 Common Stock 279 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 40 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, 64 vest on each of February 11, 2023 and 2024 and 66 vest on February 11, 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 93 vest on September 1 of each of 2023, 2024 and 2025.
F6 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 56 vest on February 10 of each of 2024 and 2025 and 57 vest on February 10, 2026.