TYLER GLOVER - 10 Feb 2023 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
President & CEO, Director
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol
TPL
Transactions as of
10 Feb 2023
Net transactions value
-$340,509
Form type
4
Filing time
14 Feb 2023, 13:58:44 UTC
Previous filing
30 Dec 2022
Next filing
02 Jan 2024
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 +416 +35% 1,596 11 Feb 2023 Direct F1, F2
transaction TPL Common Stock Tax liability $340,509 -177 -11% $1923.78 1,419 11 Feb 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 -416 -33% $0.000000 834 11 Feb 2023 Common Stock 416 Direct F4
transaction TPL Restricted Stock Units Award $0 +884 $0.000000 884 10 Feb 2023 Common Stock 884 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 480 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, 416 vest on February 11 of each of 2023 and 2024 and 418 vest on February 11, 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 294 vest on February 10 of each of 2024 and 2025 and 296 vest on February 10, 2026.