CHRIS STEDDUM - 10 Feb 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Financial Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol
TPL
Transactions as of
10 Feb 2024
Net transactions value
-$211,120
Form type
4
Filing time
13 Feb 2024, 16:01:28 UTC
Previous filing
02 Jan 2024
Next filing
15 Feb 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 +141 +28% 646 10 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $95,297 -65 -10% $1466.11 581 10 Feb 2024 Direct F2
transaction TPL Common Stock Options Exercise +172 +30% 753 11 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $115,823 -79 -10% $1466.11 674 11 Feb 2024 Direct F2

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 -50% $0.000000 172 11 Feb 2024 Common Stock 172 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -141 -33% $0.000000 282 10 Feb 2024 Common Stock 141 Direct F4
* 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 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 172 vest on each of February 11, 2024 and 2025.
F4 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.