Stephanie Buffington - Sep 1, 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
Sep 1, 2023
Transactions value $
-$74,425
Form type
4
Date filed
9/5/2023, 04:00 PM
Previous filing
Feb 14, 2023
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 +93 +83.78% 204 Sep 1, 2023 Direct F1, F2
transaction TPL Common Stock Tax liability -$74.4K -39 -19.12% $1,908.33 165 Sep 1, 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 -93 -33.33% $0.00 186 Sep 1, 2023 Common Stock 93 Direct F5
holding TPL Restricted Stock Units 130 Sep 1, 2023 Common Stock 64 Direct F4
holding TPL Restricted Stock Units 169 Sep 1, 2023 Common Stock 169 Direct F6
* 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.