Micheal W. Dobbs - Feb 10, 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Senior VP, Secretary and GC
Signature
/s/ Micheal W. Dobbs
Stock symbol
TPL
Transactions as of
Feb 10, 2024
Transactions value $
-$127,552
Form type
4
Date filed
2/13/2024, 04:02 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 +91 +45.27% 292 Feb 10, 2024 Direct F1
transaction TPL Common Stock Tax liability -$58.6K -40 -13.7% $1,466.11 252 Feb 10, 2024 Direct F2
transaction TPL Common Stock Options Exercise +105 +41.67% 357 Feb 11, 2024 Direct F1
transaction TPL Common Stock Tax liability -$68.9K -47 -13.17% $1,466.11 310 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 -105 -49.53% $0.00 107 Feb 11, 2024 Common Stock 105 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -91 -33.33% $0.00 182 Feb 10, 2024 Common Stock 91 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, 105 vest on February 11, 2024 and 107 vest on February 11, 2025.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 91 vest on February 10 of each of 2024, 2025 and 2026.