Chris Steddum - Feb 10, 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Financial Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Feb 10, 2024
Transactions value $
-$211,120
Form type
4
Date filed
2/13/2024, 04:01 PM
Previous filing
Jan 2, 2024
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +141 +27.92% 646 Feb 10, 2024 Direct F1
transaction TPL Common Stock Tax liability -$95.3K -65 -10.06% $1,466.11 581 Feb 10, 2024 Direct F2
transaction TPL Common Stock Options Exercise +172 +29.6% 753 Feb 11, 2024 Direct F1
transaction TPL Common Stock Tax liability -$116K -79 -10.49% $1,466.11 674 Feb 11, 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% $0.00 172 Feb 11, 2024 Common Stock 172 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -141 -33.33% $0.00 282 Feb 10, 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.